Parliamentary Finance: The government rejects the terms of the International Monetary Fund

How can they reject it when the Council of Ministers approved it #1 and #2 the HoR is not back in session!




June 21, 2016


Our economy / Baghdad

Description parliamentary Finance Committee member Ahmed Sarhan, Tuesday, the terms of the International Monetary Fund for lending to Iraq as "arbitrary", while pointing to Iraq's refusal to those conditions.

Ahmed said the conditions set by the International Monetary Fund to grant loans to Iraq "arbitrary," adding that "Iraq has rejected those conditions because they belong to a slice of the Iraqi people."

He added that "those conditions will worsen the financial and economic situation of the citizens," adding that "the Fund only to monitor aspects of the loans provided by the Exchange."

He pointed out that "conditions include cutting the ration card and the removal of subsidies on fuel, electricity as well as reducing the salaries of the staff," pointing out that "economic disaster would be resolved if approved for those conditions."

The IMF loan conditions imposed for Iraq in exchange for granting a loan include a tax on employees' salaries.

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