IMF Iraq recommends reforms to boost growth

[yota691]

IMF Iraq recommends reforms to boost growth

Created on Thursday, July 25 / July 2013 18:21 | |

BAGHDAD / agencies

Recommended that a report by the International Monetary Fund for Iraq pace of structural reform to boost growth and job creation in the private sector, and the need to continue the good governance of foreign reserves at the Central Bank of Iraq and the Development Fund for Iraq.

The report recommended that display the Resident Representative of the International Monetary Fund for Iraq Ghazi الشبيكات during a press conference held at the Iraqi Business Council in Amman to "accelerate the pace of structural reform to boost growth and job creation in the private sector and the intensification of work for the Liberation of the foreign exchange market and the creation of a stable exchange rate and simplify the instructions of foreign currency . "  

He stressed "the need to ensure the continuation of fiscal consolidation and building margins and preventive financial face of fluctuations in oil revenues," stressing "the need to continue the governance of reserves of foreign Central Bank of Iraq and the Development Fund for Iraq and deepen the reform of the financial sector and the establishment of equal treatment for private banks." And advised to report "Iraq creating a system of anti-money laundering and counter-terrorism and there should be management prudent reserve the Iraqi Central Bank's foreign currency and the Development Fund for Iraq, "calling for" a law on the Gaza hydrocarbons and investment in the production of electricity, and the abolition of fuel subsidies granted to producers and restructuring of state-owned enterprises and Iraqi governance reform and capitalization institutions that can be fixed and the closure of non-viable.

Edited July 26, 2013 by yota691

[Amos9:13]

Love this article....sounds wonderful...not if Iraq will just quit doing the American theme of worrying about getting elected for the next term instead of getting the job done!

[Francie26]

I would think the citizens would come nearer re-electing these people if they had a great currency and the HCL law passed so it can provide citizens with extra money each month.

[sandfly]

THANKS JUST DO IT

[jg1]

I would think the citizens would come nearer re-electing these people if they had a great currency and the HCL law passed so it can provide citizens with extra money each month.

Or, keep em poor and give em free stufff. Sound familiar. 

[waterman13]

What does "simplify instructions of foreign currency" mean?

I like the calling for a hydro carbon law.

GO RV @ $3.33

WM13

[Sweeper]

What does "simplify instructions of foreign currency" mean?

I like the calling for a hydro carbon law.

GO RV @ $3.33

WM13

Go RV, No Hydrocarbon Law