Central: Iraq has the right to obtain loans from the IMF and World Bank

[yota691]

Central: Iraq has the right to obtain loans from the IMF and World Bank

 

Thursday January 14 2016 12:52

 

 

 

         

 

 

 

 

Alsumaria News / Baghdad 
The governor of the Iraqi Central Bank on the Keywords, the loans obtained by Iraq from the IMF and the World Bank has the right, indicating that the conditions demanded by the IMF is representing the government's reforms sought by. 

Keywords and said in unexpected program, which aired Alsumaria that "Iraq is the World Bank Group and the IMF member and pay a large annual contributions which thus has the right to get the facilities and loans from these agencies," pointing out that "the loans are low cost and interest negligible It is also long-lasting. "

 

 

He Keywords that "the function of these two groups is to finance countries that are exposed to the problems and crises when exposed to certain circumstances," noting that "the conditions laid down by the be understanding with the Iraqi government and its acceptance are entitled to a final that rejected if conflicted with its policy." 

He Keywords that "the conditions demanded by the IMF is representing the government's reforms sought by representing the experiences of other countries and thus from the benefit of the Iraqi government to press its expenses and maximize revenue and a way that does not affect the pensions," pointing out that "the IMF at its last meeting with the government Iraq put a condition that does not affect the salaries and other matters of social protection network and the government fulfill its obligations with contractors to stroll projects. " 

Iraq is seeking recently to borrow from the International Monetary Fund in order to bridge the shortfall in the budget for the current year, which amounts to 25 trillion dinars, after the fall in oil prices to low levels amounted to less than $ 30 per barrel.

[Big_J]

HMMM? conditions demanded by the IMF  The alphabet boyz(IMF) making demands, always GOOD!  

[calkid11]

Thank you Yota