View Full Version : IMF: Iraq will return to the market mid-2016

04-14-2016, 09:37 PM
IMF: Iraq will return to the market mid-2016

Detection of the International Monetary Fund (IMF), on Wednesday, for planning to send teams in the near future for both Iraq and Jordan in an effort could pave the way for more aid, and as pointed out that Iraq's economy is suffering the consequences of falling oil prices, as well as waging war against al (Daash (http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=2&campid=CAMPAIGNID&toolid=11000&customid=CUSTOMID&ext=301841944388&item=301841944388&ipn=psmain&icep_vectorid=229466&icep_ff3=2&icep_item=301841944388)), he stressed that Iraq will return to economic market during the first half of next year.

The director of the Middle East Department and Central Asia (http://www.ebay.com/sch/i.html?_nkw=central+asia) for the International Monetary Fund Masood Ahmed in a press statement I followed (range Press), "The Fund is planning to send a team to Iraq next month to negotiate the implementation of financial monitoring, which may help make way for more aid to the economy of the country in which the program damaged by falling oil prices and the cost of war being waged against al Daash.

"Ahmed said that" at a time when Iraq program does not require emergency aid from the International Monetary Fund, it will help in creating a framework for the diagnosis and treatment challenges prominent influence in the economy, "noting that "The plan will begin in 2016 and then possible to put the foundations on which it will be based on Iraq to submit to IMF funding to implement the program at a later time of year."

Ahmed said that "under discussion now program will help Iraq to receive aid from lenders among them the International Monetary Fund and reassure potential investors," adding that "it will pave the way for Iraq because due to the market during the first half of next year to earn more money to pay expenses." .

Within the economic growth indicators in Iraq, International Monetary Fund forecast that "the economic growth of Iraq rate recorded during this year by zero after for a contraction in the country's economy during the year 2014 by 2.1%."

The International Monetary Fund has provided Iraq with $ 1.25 billion in emergency aid to bridge the budget deficit, which is expected to reach 23% of the economic output of the country this year.

The International Monetary Fund predicted, on Wednesday (19 August 2015), to witness the Iraqi economy "improved modestly" during the current 2015 rate of 0.5 percent as a result of increase oil production, with incidence more contraction in activity the non-oil sector (http://www.ashford.com/us/watches/sector/cat6057.cid?pn=brand), and with the exception of the rate of growth expectations in the medium term, is still positive, although it is less than the required rates before the crisis, he stressed that the growth will be determined by the desired increase oil production and recovery of growth rates in other sectors as well as the expected improvements to the security situation and the implementation of structural reforms.

It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, what made ​​the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.

04-15-2016, 11:23 PM
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