Iraq/ IMF/World Bank

04/18/2016




Parliamentary economy excludes Iraq for international loans

BAGHDAD / JD / .. ruled out of the economic and investment commission in Parliament, Iraq seek international loans due to lack of political stability in the country, as pointed out that the current political crisis reflected on the general economic situation and the state paralyzed traffic.

Said committee member Rep. Najiba Najib told / KD / The current political crisis impacted heavily on the general economic situation in the country and paralyzed the state movement because there is a halt to the work of most of the ministries and the disruption to the work of Parliament, which led to a big loss in economic terms and service delivery.

She added that the donor countries of Iraq and the International Monetary Fund and the World Bank, speaking on condition that be political stability and easing the crisis and not to disadvantage any political party in exchange for granting Iraq, international loans and this has not been achieved so far, which means that Iraq will not Ihs on international loans that political stability has not been achieved.

Iraq has been sit-ins and protests in a number of provinces to demand reforms and the dismissal of the three presidencies, while Aatsaa parliament testifies open by dozens of MPs to demand the resignation of the Presidency of the Council of Representatives. /


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America stands ready to provide guarantees for loans from the World Bank Iraq

Tuesday 19-04-2016 | 9:18:17



Twilight News / announced that the Iraqi Ministry of Finance on Tuesday that the US has indicated its willingness to contribute to provide guarantees for loans from the World Bank Iraq.

According to a statement issued by the ministry today responded to Twilight News, Finance Minister Hoshyar Zebari met with his entourage with Jacob if the Secretary of the Treasury and a number of experts in the US Treasury Department in Washington, adding that he was at the meeting to emphasize the cooperation between the two countries especially in the field of finance and economy relations .

The statement said US Treasury Secretary affirmed the continued support provided by the United States to Iraq directly in the framework of the international financial institutions, particularly with regard to reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements.

The statement continued that the Treasury Secretary also stressed his country's readiness to contribute to the loan guarantees, and mobilize support for the demands of Iraq during the next meeting of finance ministers from the Group of Seven, as well as at the summit meeting of the group which will be held during the last week of next May.

The statement pointed out that the other side has been to emphasize the need for cooperation between the two sides in the fight against corruption and money laundering, particularly with respect to drain Daash terrorist entity and prevent the arrival of the money to him resources.

The statement continued that the US Treasury Secretary said the support of the Iraqi economy and the fight against terrorism Kirkizin foundations for the stability of the country.

The statement concluded that it was also reviewing the delegation talks with senior International Monetary Fund and World Bank officials.


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