International Monetary distracted for Iraq to $ 617.8 million after the completion of the first review

The International Monetary Fund announced that its Executive Board completed the first review of the implementation of the standby credit agreement with Iraq, held for three years, a deal which aims to assist Iraq in the implementation of economic reform and the restoration of fiscal balance in the medium term program.
The International Monetary Fund said in a statement, said the Executive Board exchange about 617.8 million dollars after the completion of the first review of the economic reform program in Iraq.
The statement pointed out that the program which is supported by the fund include measures to protect the poor and strengthen the stability of the financial sector and curb corruption.
The Executive Board has agreed in July 2016 to around the $ 5.34 billion deal in the history of approval.
The statement said that Iraq's economic reform program supported by the Stand-By agreement aims to address the urgent needs of the balance of payments and access spending to a level commensurate with the decline in global oil prices and to ensure the continuity of religion within the limits of unsustainable.

http://economy-news.net/content.php?id=6032

International Monetary distracted for Iraq more than $ 600 million

Tuesday December 6, 2016 - 10:02


The International Monetary Fund announced that its Executive Board completed the first review of the implementation of the standby credit agreement with Iraq, held for three years, a deal which aims to assist Iraq in the implementation of economic reform and the restoration of fiscal balance in the medium term program.

The International Monetary Fund said in a statement tow received a copy of it, that the Executive Board exchange about 617.8 million dollars after the completion of the first review of the economic reform program in Iraq.

The statement pointed out that the program which is supported by the fund include measures to protect the poor and strengthen the stability of the financial sector and curb corruption.

The Executive Board has agreed in July 2016 to around the $ 5.34 billion deal in the history of approval.

The statement said that Iraq's economic reform program supported by the Stand-By agreement aims to address the urgent needs of the balance of payments and access spending to a level commensurate with the decline in global oil prices and to ensure the continuity of religion within the limits of unsustainable.

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Tuesday December 062 016 - 01:06
Iraq received the second installment of the IMF loan of $ 617.8 million

The International Monetary Fund on Tuesday to hand over the Iraqi government a second batch of fund loan, pointing out that this installment amounting to 617.8 million dollars comes to addressing the needs of the balance of urgent payments, while the detection of agreeing to Iraq's request to be exempted from the declaration of non-compliance with the maximum continuous external arrears new.

The IMF said in a statement seen by agency Nun, news reporting, "The Executive Board of the IMF completed the first review of the implementation of the standby credit held with Iraq agreement for three years, which aims to assist Iraq in the implementation of the economic reform program and restore the fiscal balance in the medium term", he pointed out that "under this review, it may be for Iraq to $ 617.8 million disbursement."

Fund that "the Iraqi economic reform program supported by the Stand-By agreement aims to address the needs of the balance of urgent payments, and access spending to a level commensurate with the decline in world oil prices, and ensure the continuity of religion within the limits of unsustainable" and added, noting that "the program also includes measures to protect the poor and strengthening public financial management, and to support the stability of the financial sector, and curb corruption. "

The IMF "explained the Executive Board has agreed to Iraq's request to be exempted from the declaration of non-compliance with the maximum continuous new external arrears, and the request to amend the performance criteria, in addition to Iraq's request exemption from the applicability of the end of September the goals of the four performance standards regarding the minimum gross international reserves and the maximum condition of the net domestic assets of the Central Bank of Iraq and the maximum balance outstanding arrears owed to international oil companies and the maximum balance of total public debt, in addition to the request to amend the stages of implementation of the agreement. "

The Executive Board has agreed in July 2016 to prepare the credit agreement's $ 5.34 billion US dollars within the Iraqi economic reform program.

http://www.non14.net/78809/العراق-يستلم-الدفعة-الثانية-من-قرض-النقد-الدولي-بقيمة-6178-مليون-دولار

Iraq received the second installment of the IMF loan

Baghdad -arac Press -6 December: The Iraqi government received the second installment of the IMF loan.

The second installment of the loan of $ 617.8 million. The total value of the loan approved by the IMF for three years, is estimated at $ 5.34 million.

The International Monetary Fund said that the performance of Iraq within the agreed reform program, has failed to meet all the required conditions, including a minimum of foreign reserves, and the maximum arrears of foreign oil companies.

The International Monetary Fund had predicted last October that Iraq 's record annual growth of 10.3%, after a contraction of gross domestic product last year grew by 2.4% .anthy (1)


http://www.iraqpressagency.com/?p=224610&lang=ar

The International Monetary Fund recognizes Iraq 's second batch of the loan worth 617.8 million dollars

Tuesday 6 December 2016 11:21



Alsumaria News / Baghdad
The International Monetary Fund on Tuesday to hand over the Iraqi government a second batch of fund loan, pointing out that this installment amounting to 617.8 million dollars comes to addressing the needs of the balance of urgent payments, while the detection of agreeing to Iraq's request to be exempted from the declaration of non-compliance with the maximum continuous external arrears new.

The IMF said in a statement seen by Alsumaria News, "The Executive Board of the IMF completed the first review of the implementation of the standby credit held with Iraq agreement for three years, which aims to assist Iraq in the implementation of the economic reform program and restore the fiscal balance in the medium term," adding that "under the present review, it may be for Iraq to $ 617.8 million disbursed."


Fund that "the Iraqi economic reform program supported by the Stand-By agreement aims to address the needs of the balance of urgent payments, and access spending to a level commensurate with the decline in world oil prices, and ensure the continuity of religion within the limits of unsustainable" and added, noting that "the program also includes measures to protect the poor and strengthening public financial management, and to support the stability of the financial sector, and curb corruption. "

The IMF "explained the Executive Board has agreed to Iraq's request to be exempted from the declaration of non-compliance with the maximum continuous new external arrears, and the request to amend the performance criteria, in addition to Iraq's request exemption from the applicability of the end of September the goals of the four performance standards regarding the minimum gross international reserves and the maximum condition of the net domestic assets of the Central Bank of Iraq and the maximum balance outstanding arrears owed to international oil companies and the maximum balance of total public debt, in addition to the request to amend the stages of implementation of the agreement. "

The Executive Board has agreed in July 2016 to prepare the credit agreement's $ 5.34 billion US dollars within the Iraqi economic reform program.

http://www.alsumaria.tv/news/188042/صندوق-النقد-الدولي-يسلم-العراق-دفعة-ثاني/ar