View Full Version : IMF to continue talks with Iraq and is likely to complete his reform agenda through t

10-01-2016, 12:27 PM
IMF to continue talks with Iraq and is likely to complete his reform agenda through the years


Long-Presse / Baghdad
Assured the International Monetary Fund on Saturday, continuing his talks with Iraq despite the sacking of Finance Minister Hoshyar Zebari, and pointed out that its agreements "signed with states and not individuals," with the exception of the adoption of Iraq's economic reform program "is essential" to the success of the fund, which will be implemented program several years.

The head of the International Monetary Fund's mission in Iraq, Christian nut, in an interview with (long-Presse), "The Finance Minister, Hoshyar Zebari, has been a champion of the program to prepare the credit with the Fund, as it was a major engine of reform in Iraq," stressing that "the Fund's programs and its agreements are held with states rather than individuals, which means to continue talks with Zebari, who will succeed in the Iraqi Ministry of Finance. "

He coconut, that "the adoption of the Iraqi authorities, a program of economic reform is essential for the success of the Fund program (CNN NBA), which will be implemented over several years," and expressed his hope that "Iraq maintains the momentum of the program and be the first revision to him during the mission meetings with the Iraqi authorities ".
The House of Representatives voted during its meeting, which was held in the (22 September 2016), to withdraw confidence from the finance minister, Hoshyar Zebari, after 27 days of interrogation session, and adopted the "secret ballot", the same mechanism that the withdrawal of confidence which the Minister defense, Khalid al-Obeidi during August.
And on the recommendations of the Fund for Iraq, he confirmed the coconut, the "Stand-By program that includes periodic reviews, which has identified goals and expectations," adding, "but can be modified during the periodic reviews by developments on the ground."

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.
It is noteworthy that Iraq has agreed with the International Monetary Fund and World Bank to provide financial umbrella him up to $ 20 billion, to overcome the financial crisis as a result of the sharp decline in oil prices and the war against (Daesh).