Iraq express his desire to develop its relations with the International Monetary Fund to help confront the financial crisis ( also another round of meetings between the IMF and the CBI beginning of November)

Economy 09/10/2015 10:56

Expressed Finance Minister Hoshyar Zebari, during a meeting with the CEO of the Arab Group at the International Monetary Fund [IMF], Iraq's desire to develop its relations with the IMF, within the mechanisms to provide support, and thus contributing to help it cope with the financial crisis.

According to a statement of the ministry, he said Zebari "met, Thursday, Hazem Albiloa Executive Director of the Arab Group at the International Monetary Fund, and during the meeting to review the relationship between Iraq and the International Monetary Fund, as the minister expressed appreciation for the speed of the bank in response to the request of Iraq in obtaining a loan from the Fund In the context of rapid funding mechanism, and Iraq's desire to develop its relations with the Fund within the mechanisms to provide support and assistance to help to help Iraq confront the financial crisis afflicting. "


He added, "on the other side of the meeting and in the presence of representatives of the Iraqi Central Bank, was also discussed Iraq's relations with the Fund and the proposed consultations between the two sides in early November next."

http://www.radionawa.com/arabic/view.aspx?n_=38670&m_=15

Iraq appreciates the response to his request to get a loan from the International Monetary Fund speed

History of edits:: 2015/10/9 11:04

{Baghdad: Euphrates News} Iraq expressed appreciation for the quick response to the request of Iraq in obtaining a loan from the International Monetary Fund as part of a rapid financing mechanism.

According to a statement of financial Mas agency {Euphrates News} received a copy of it on that, "Finance Minister Hoshyar Zebari met yesterday Hazem Albiloa Executive Director of the Arab Group at the International Monetary Fund on the sidelines of the annual meeting of the International Monetary Fund and the World Bank which will be held in Lima, Peru for the period from 9 -11 2015, and during the meeting to review the relationship between Iraq and the International Monetary Fund. "

And across Zebari expressed "appreciation to the speed of the bank in response to the request of Iraq in obtaining a loan from the Fund in the framework of the mechanism of rapid funding and Iraq's desire to develop its relations with the Fund within the mechanisms to provide support and assistance to help to help Iraq in the face of the financial crisis afflicting".

On the other side of the meeting and in the presence of representatives of the Iraqi Central Bank also discussed Iraq's relations with the Fund and the proposed consultations between the two sides in early November 2015.

http://alforatnews.com/modules/news/article.php?storyid=96998

Zebari World Bank: Iraq complains about the fragility of the structure of the economy, which needs substantial changes

History of edits:: 2015/10/9 9:30


[Baghdad - where]
Finance Minister Hoshyar Zebari said, during his participation in the annual meeting of the International Monetary Fund and the World Bank, that Iraq complain of the fragility of the economy in the rent structure, which needs to be fundamental changes.

According to a ministry statement, received by the agency all of Iraq [where], a copy of it that Zebari "presided over on Thursday, the Iraqi delegation to the annual meeting of the International Monetary Fund and the World Bank which will be held in Lima, Peru for the period 9-11 2015 and participated in the seminar organized by the Bank International on the sidelines of the annual meeting of the Fund and the World Bank about the vulnerability in middle-income countries. "


He said Zebari, according to the statement, in his speech as a keynote speaker at the seminar mentioned, to "the challenges facing Iraq in this aspect," noting that "Iraq does not face such a problem in all regions, but in some places affected by the war on terrorism and the occupation of gangs Daash terror of that territory. "

He added that "Iraq is a country rich in natural resources, particularly oil wealth, but the drop in oil prices in the global market and the threat of terrorism Daash may impact on Iraq's ability to finance its budget, which form a deficit which," explaining that "this side of the fragility faced by Iraq at this stage, to its dependence on a single supplier, which requires the diversification of its resources, "stressing that" this is what the government is seeking to him in order to maximize resources and stimulate the economy and make economic and administrative reforms and the fight against corruption. "

He pointed out that "the government has recently proceeded to a series of reform measures, and a commitment to international transparency standards in providing and disseminating 2016 budget, on time, and Iraq is not grumbling from the political fragility because he has a constitution and institutions of a viable and continue, but complain about the fragility of the economy rentier structure, which needs to fundamental changes. "

The statement continued that "the World Bank Vice President for Operations Kyle Peter, the panel discussion which was attended by senior advisers two economies and the official bank for the Near East and North Africa, and in addition to the participation of Minister Finance Minister of Jordan and civil society representatives from Tunisia, Libya, Palestine and Lebanon participated in the International Symposium."


http://www.alliraqnews.com/modules/news/article.php?storytopic=37&storyid=17755

Zebari: Financial our reform and fighting corruption in line with the IMF and World Bank policies


History of edits:: 2015/10/9 16:35
[Baghdad-where]

Finance Minister Hoshyar Zebari said that the government's policy in the financial and administrative reform and in the fight against corruption in line with IMF and World Bank policies of international ".

A statement by the Ministry of Finance Agency has received all of Iraq [where] a copy of it that Zebari "head of the Iraqi delegation to the annual meeting of the International Monetary Fund and the World Bank and the accompanying public debt circles managers and the delegation, and the Fund for the Iraqi Development, and the budget in the Ministry of Finance, met with Sri Mulyani Director World Bank management in the presence of Vice-President of the Middle East and North Africa at the World Bank, responsible for the bank's operations in Iraq and the Director, in addition to the Executive Director of the World Bank. "

The statement added that "During the meeting, they reviewed the strong relationship between Iraq and the World Bank and Iraq's desire to get help bank financing of the budget and in investment in infrastructure, particularly in restoring stability in areas that have been freed from the entity Daash terrorist through the mechanisms in place at the World Bank In particular, loans and development policies need to obtain such assistance during 2015 ".

The Minister of Finance "that the government's policy of administrative reform and financial and in the fight against corruption in line with the IMF and World Bank policies and that the government continues this policy despite the continuing challenges of lower oil prices and the war on terrorism and the requirements to meet the humanitarian needs of the displaced people, also touched on the deficit in the budget of 2015 and continuing in 2016 and measures taken by the government to cover the financial gap in the budget. "

And across Zebari "expressed appreciation for the assistance of the World Bank for Iraq to $ 350 million in order to restore stability in the liberated areas of the entity Daash terrorist and other assistance in the field of electric power and provide $ 500 million to support the electricity in the area of ​​support for the Iraq strategy with regard to water management."

The statement pointed to "agreed to continue contacts and technical meetings to follow up the implementation of cooperation between Iraq and the World Bank and coordination with the International Monetary Fund mechanisms in this regard" .

http://www.alliraqnews.com/modules/news/article.php?storytopic=37&storyid=17789