Abadi adviser: Iraq will receive $ 634 million from the International Monetary Fund

October 18, 2016 | 11:56 -



Network Iraqi position

Financial advisor to the Prime Minister announced the appearance of Mohammed Saleh, Tuesday, that Iraq will receive a second loan of $ 634 million after sending some clarifications to the IMF, noting that the talks led to a reduction of the budget deficit in half.

Saleh said that "Iraq will receive a second loan of $ 634 million out of $ 5.3 billion after sending some clarifications and technical details for improving financial management in Iraq, the International Monetary Fund during the 10 coming days," noting that "the first revision to these clarifications and details will be presented to the IMF Executive Board , while in the November 7 or 7 of December next, and when viewed will be launched this loan. "

Saleh added that "Iraq had discussed with the International Monetary Fund and World Bank during the last meeting with the IMF in New York, some of the technical issues related to the improvement of financial management in Iraq, especially the modified financial management Find in the era of the US civil administrator Paul Bremer, the Law No. 95 of 2004 in which the shortcomings and lack of financial governance, "pointing to" the existence of two paragraphs interceptor to amend this law, which will be adjusted by agreement will be presented to parliament soon, these adjustments and go about the legislation. "

Saleh pointed out that "Iraq also discussed with the International Monetary Fund 2017 budget and composition in terms of expenditure and income and places tunnels exchange also took some of the amendments and the agreement simple by including the deficit reduced to half," pointing out that "the first draft was the deficit 34 trillion dinars, while the total deficit after adjustment half this amount, note that the expenses taken into account some of the things like the war on Daesh and there are some other considerations related to receivables contractors, farmers, and other important things. "

Iraq had been discussed at the 7. October now 9 through their participation in the annual meetings of the Bank and the International Monetary Fund with the IMF and the World Bank diagnostic study of the Iraqi economy prepared by the World Bank and the challenges facing the Iraqi economy at the current stage and ways to address them in the near and long term.

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Iraq gets $ 634 million
Written by Economic news editor
Date: October 18, 2016


Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh on Tuesday that Iraq will receive a second loan of $ 634 million after sending some clarifications to the IMF, noting that the talks led to a reduction of the budget deficit in half.

Saleh said, that "Iraq will receive a second loan of $ 634 million out of $ 5.3 billion after sending some clarifications and technical details for improving financial management in Iraq , the International Monetary Fund during the 10 coming days , " noting that " the first revision to these clarifications and details will be presented to the Executive Board the Fund, while in the November 7 or 7 of December next, and when viewed will be launched this loan. "

Saleh added that "Iraq had discussed with the International Monetary Fund and World Bank during the last meeting with the IMF in New York , some of the technical issues related to the improvement of financial management in Iraq, especially the modified financial management Find in the era of the US civil administrator Paul Bremer, the Law No. 95 of 2004 in which the shortcomings and lack of financial governance , "pointing to" the existence of two paragraphs interceptor to amend this law, which will be adjusted by agreement will be presented to parliament soon , these adjustments and go about the legislation. "

Saleh pointed out that "Iraq also discussed with the International Monetary Fund 2017 budget and composition in terms of expenditure and income and places tunnels exchange also took some of the amendments and the agreement simple by including the deficit reduced to half , " pointing out that " the first draft was the deficit 34 trillion dinars , while the total deficit after adjustment half this amount, note that the expenses taken into account some of the things like the war on Daesh and there are some other considerations related to receivables contractors, farmers , and other important things. "

Iraq had been discussed at the 7. October now 9 through their participation in the annual meetings of the Bank and the International Monetary Fund with the IMF and the World Bank diagnostic study of the Iraqi economy prepared by the World Bank and the challenges facing the Iraqi economy at the current stage and ways to address them in the near and long term.

Source / agencies

http://neniraq.com/العراق-يحصل-على-634-مليون-دولار/