********** IMF: Iraq collaborator and frank in the first review of the Stand-By agreement tour

Baghdad -arac Press -14 September / September: Description of the International Monetary Fund, on Wednesday, Iraq 's position during the first review of the agreement to prepare the credit, which has in the Jordanian capital of Amman recently Palmtaaon and discussions both parties frank and fruitful meetings, pointing to continued discussions in America in October next.

The head of the IMF mission for Iraq, Christian nut, in a statement, " the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework will continue during the upcoming annual meetings of IMF and World Bank held in Washington , DC , for the period from the seventh to the ninth of October 2016" .


He coconut, the "Fund team met with the Minister of the Iraqi Finance, Hoshyar Zebari, and the Governor of the Central Bank of Iraq and the Agency, on the Keywords, financial advisor to the Prime Minister, the appearance of Mohammed Saleh, and a group of officials from the finance, oil, planning and electricity ministries, the Central Bank of Iraq, and representatives of the Government the Kurdistan region, and the Office of financial supervision, the body of retirement , "and expressed" thanks to the Iraqi authorities on the good cooperation and the frank and fruitful discussions. "

The Iraqi authorities and experts of the International Monetary Fund held discussions in Amman , Jordan, for the period from 28 August to 10 September 2016, in the first revision of the agreement to prepare the credit amounting duration of 36 months, which was approved by the IMF Executive Board on the seventh of July 2016 framework.

The Executive Board of the International Monetary Fund, announced last July, agreed on the standby credit agreement with Iraq worth about five billion and 340 million dollars, to support the government 's economic reform program, noting that it gives the Board 's approval to spend about $ 634 million for Iraq.

And Iraq took place in July 2015, a payment equal to about one billion and 240 million dollars, through the "rapid financing" of the Tool Box.

Iraq and delivered by mid - July 2016, about $ 634 million, representing the first installment of the IMF loan, immediately after the IMF Executive Board approval, to prepare the credit agreement with Iraq, noting that the loan term is five years , annual interest rate low of one and a half percent ( 1.5%), and that the number of payments is 13 batch stretches over 36 Shahra.anthy (1)


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IMF thank Iraq on "fruitful cooperation and candor , " the first revision of the standby credit agreement


Writer:
Editor: BK
09/14/2016 12:58



Long-Presse / Baghdad

He International Monetary Fund, on Wednesday, thanked the Iraqi authorities to "good cooperation" with him and discussions "frank and fruitful", during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings, noting that discussions between the two sides will continue in America during October next I.

The head of the IMF mission for Iraq, Christian nut, in a statement received (long-Presse) a copy of it, "the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework will continue during the upcoming annual meetings of IMF and World Bank held in Washington, DC for the duration of the seventh the ninth of October 2016 ".

He coconut, the "Fund team met with the Minister of the Iraqi Finance, Hoshyar Zebari, and the Governor of the Central Bank of Iraq and the Agency, on the Keywords, financial advisor to the Prime Minister, the appearance of Mohammed Saleh, and a group of officials from the finance, oil, planning and electricity ministries, the Central Bank of Iraq, and representatives of the Government the Kurdistan region, and the Office of financial supervision, the body of retirement, "and expressed" thanks to the Iraqi authorities on the good cooperation and the frank and fruitful discussions. "

The Iraqi authorities and experts of the International Monetary Fund held discussions in Amman, Jordan, for the period from 28 August to 10 September 2016, in the first revision of the agreement to prepare the credit amounting duration of 36 months, which was approved by the IMF Executive Board on the seventh of July 2016 framework.

The Executive Board of the International Monetary Fund, announced in (the seventh of July 2016), agreed on the standby credit agreement with Iraq worth about five billion and 340 million dollars, to support the government's economic reform program, noting that it gives the Board's approval to spend about $ 634 million for Iraq.

Iraq had happened in July 2015, a payment equal to about one billion and 240 million dollars, through the "rapid financing" of the Tool Box.

Iraq and delivered by mid-July 2016, about $ 634 million, representing the first installment of the IMF loan, immediately after the IMF Executive Board approval, in (the seventh of this month), on the standby credit agreement with Iraq, noting that the term of the loan is five years low annual interest rate of one and a half percent (1.5%), and that the number of payments is 13 batch stretches over 36 months.

The United States of America, confirmed in (the twentieth of April 2016), that the economic reforms the Iraqi government began to show the effects of an increase of non-oil imports, indicating that the Iraqi government's success in reducing the budget deficit means obtaining a loan from the International Monetary Fund worth billions of dollars.

The appearance of Mohammed Saleh, said in an interview to the (long-Presse), in the (26th January 2016), that Iraq has agreed with the International Monetary Fund for long-term soft loans for the implementation of development projects, noting that the fund is among other conditions, government expenses, and modified some procedures related to economic policies, while counting economist that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.

The International Monetary Fund agreed in the (13 January 2016), to finance the deficit of the Iraqi budget through clouds of hard currency reserves, which led to the reduction of those reserves from $ 59 billion October 2015 end, to 43 billion during the current year 2016.

http://www.almadapress.com/ar/NewsDetails.aspx?NewsID=6057

IMF: discussions to prepare the credit agreement with Iraq continuing for the next month
History of edits:: 2016/9/14 14:00

{Baghdad} Euphrates News said the International Monetary Fund, said that the Stand-By agreement with Iraq, discussions will continue until the ninth month of October.

The head of the IMF mission for Iraq, Christian nut, in a statement seen by the agency {Euphrates News}, "the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework, and will continue during the upcoming annual meetings of IMF and World Bank held in Washington, DC, for the period from the seventh to the ninth of October 2016 ".

He added that the "Fund team met with the Minister of the Iraqi Finance, Hoshyar Zebari, and the Governor of the Central Bank of Iraq and the Agency, on the Keywords, financial advisor to the Prime Minister, the appearance of Mohammed Saleh, and a group of officials from the finance, oil, planning and electricity ministries, the Central Bank of Iraq, and representatives of the Government of the territory Kurdistan, and the Office of financial supervision, the body of retirement. "

He expressed his "thanks to the Iraqi authorities on the good cooperation and the frank and fruitful discussions."

It is noteworthy that, regular consultations between the Government of Iraq and the International Monetary Fund to review the implementation of the standby credit program as a first phase, concluded last Saturday in the Jordanian capital Amman.

According to the Ministry of Finance, in a statement received {Euphrates News}, was "to make good progress in many of the fiscal and monetary areas and in the areas of transparency and control and the provision of financial statements and rationalize, indicating that" during the talks, which was attended by Finance Minister Hoshyar Zebari, "Amadavas" It was also review the draft federal budget for 2017 and to agree on the law of a barrel of oil account for $ 43 instead of the proposed price of 35 in the draft budget and card export of crude oil of 3.6 million barrels per day, ".anthy


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