The IMF salvaging Iraq? Not exactly

[yota691]

08/25/2016 (00:01 pm)   -   the number of readings: 399   -   thenumber (3724)

 

 

Economic Adviser likely received two installments of the IMF loan the end of 2016

 Baghdad / Zahraa Hamid 
 

Financial advisor to the Prime Minister Haider al - Abadi, on Wednesday, revealed a new round of talks between Iraq and the International Monetary Fund early next September, and while stressing that it will focus on ready credit for a loan of 5 - billion and $ 300 million arrangements, to support the budget, what has been implemented economic reforms and fiscal governance, favored the possibility of taking the second and third installments of the amount of the Fund 's loan of about two billion dollars the end of the year 2016. 
he said the appearance of Mohammed Saleh in an interview (long - Presse) that " the delegation headed by the Finance Minister , Hoshyar Zebari , featuring a group of senior government officials and experts from the ministries of finance, oil and planning and the Central Bank of Iraq and the Office of financial supervision will meet with the IMF mission in the first days of the month of September in Amman , Jordan. " 
Saleh added," the first phase of consultations with the IMF will discuss the implementation of the standby credit arrangements under which Iraq would get agreement 5 billion and $ 300 million soft loan to support the budget, within the period from 2016 to 2019 ', pointing out that " the loan will allow Iraq 's international financial umbrella of the dolly and support form of soft loans to bridge the funding gap of at least $ 15 billion spent mostly for reconstruction and economic development . " 
Saleh said that" consultations with the IMF would also review the findings of the joint agreement and the requirements of the success of economic reforms, the pace made by Iraq in the field of public finance and the general financial activity in the country 's governance, especially the countless number of employees and retirees ghost who receive government income violation of the law , and the statement of the results reached by the Audit Court in this regard , "pointing out that" the Iraqi delegation will explain to representatives of the international Monetary Fund over the government 's concern with financial regulations, especially new law ,financial management and regulations relating to anti - money funds crime and terrorism laundering law. " 
The benefit of that" Iraqi delegation consultations with the IMF mission will also focus on topics related to the principles of the federal budget for 2017 and other topics relating to the presentation of public finance data in accordance with international standards in the presentation of government finance data to enhance disclosure and transparency capabilities in the financial administration of Iraq , "adding that" Iraq may receive the second and third installments of the Fund 's loan amounting to nearly two billion dollars , or slightly less than that, out of the loan at the end of the year 2016 ". 
acknowledges Iraq before mid - July 2016, about $ 634 million, represents the first installment of the IMF loan, immediately after authentication IMF Executive Board, in ( the seventh of this month) on the standby credit agreement with Iraq, noting that the loan term is five years , annual interest rate low of one and a half percent (1.5%), and that the number of payments is 13 batch stretches over 36 months. 
the the United States, confirmed in ( the twentieth of April 2016) that the economic reforms of the Iraqi government began its effects appear to increase non - oil imports, indicating that the Iraqi government succeed in reducing the budget deficit means obtaining loan from the international Monetary multi billion -dollar fund. 
the appearance of Mohammed Saleh, He said in an interview (range Press) at (January 26 2016) that Iraq agreed with the IMF to obtain long - term soft loans for the implementation of development projects, noting that the fund is among other conditions, government spending, and amended some procedures related policies economic, while counting economist that " the most important" of those loans is to know the amounts that will be obtained during the year 2016. it is 
noteworthy that the international Monetary Fund agreed in the (January 13, 2016) to finance the deficit of the Iraqi budget through clouds of hard currency reserves , resulting in a reduction of the reserves from $ 59 billion the end of October 2015, to 43 billion during the current year 2016.

[jeepguy]

how ???   what  ???            how  do they keep getting  loans  of this size  ?   and  what  will they repay  it  with ?   they keep  gripping  that  the  economics  of  Iraq  is  broken  {  financial  peeps  that are inside iraqs  dealings }  ....   so if the keep getting these  loans of  billions , how long before Iraq  blows  the   give-um loans bubble  and  sinks all of the worlds  budgets ?  {  well   most likely  the  i.m.f.    and world  bank  would be  the  cause  of that  ...  but  what  the hell  ,,   make them  push  there  value of  currency  above  crap  value ,   and  then  talk  about  loans   sheeeeeeeeeesh   } 

[yota691]

Shabibi in pic 6 from the left..

Minister of Finance in Oman for the completion of Iraq's talks with the International Monetary Fund

economy

 Since 09.09.2016 at 10:28 (Baghdad time)

Baghdad balances News

We arrived Finance Minister Hoshyar Zebari, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the International Monetary Fund, IMF.

A statement by the Ministry of Finance received / balances News / copy of it, it "took place during the last period technical talks between a government delegation from the Ministry of Finance and Ministry of Planning and the Ministry of Oil and the Central Bank with the International Monetary Fund experts to review Iraq's obligations under Stand-By program SBA with the Fund."

"The Fund shall conform to this program over a three-year revolving credit facility by $ 4.5 billion to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country."

He continued, "as a result of Iraq's commitment to fund a program to improve public financial policy and rationalization of expenditures and increase non-oil revenues, transparency and the fight against corruption, money laundering and illegal financial legislation the administration and the central bank's performance."

He pointed out that "the total amount to be provided by the program to Iraq within three years from the IMF and the World Bank and the donor countries and international financial institutions is around 18 billion dollars to support the economy and financial Iraq."

It is said that the Fund provided last July initial financial push for Iraq amounted to round about $ 640 million to support the budget, it is due to Iraq received another batch and by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in the financial and economic policy memorandum.

Participants in the talks Governor of the Central Bank and Financial Advisor to the Prime Minister and a number of general managers and experts in the Ministry of Finance and Planning and the Bank Antrza.anthy 29 / D 24

 

[yota691]

Zebari up to Oman for the completion of Iraq's talks with the International Monetary Fund

 

 

Friday 09-09-2016 | 10:18:58

 

 

 

 

XYZ

Twilight News / arrived Finance Minister Hoshyar Zebari on Thursday evening to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the International Monetary Fund.

And it took place during the last period technical talks between a government delegation from the Ministry of Finance and Ministry of Planning and the Ministry of Oil and the Central Bank with the International Monetary Fund experts to review Iraq's obligations under Stand-By program SBA with the Fund.

The Fund provides under this program over a three-year revolving credit facility by $ 4.5 billion to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country, according to a statement of financial Lord of Twilight News.

As a result of the commitment of Iraq's Fund program to improve public financial policy and rationalization of expenditures and increase non-oil revenues, transparency and the fight against corruption, money laundering and legislation illegal financial management and the central bank's performance, the total amounts to be provided by the program to Iraq within three years from the IMF and the World Bank and the donor countries and international financial institutions is about ( 18) billion dollars to support the economy and financial Iraq.

UNFPA provided in July financial paid previews of Iraq amounted to round about $ 640 million to support the budget, it is due to Iraq received another batch and by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in the financial and economic policy memorandum.

Participants in the talks Governor of the Central Bank and Financial Advisor to the Prime Minister and a number of general managers and experts in the Ministry of Finance and Planning and the Central Bank.

 

[blueskyline]

Thank You , Rock .............on !

[yota691]

A new Iraqi talks with the IMF in Amman on a loan of $ 18 billion

History of edits:: 9.9.2016 10:23 • 152 visits readable

[Oan- Baghdad] 
Ministry of Finance announced on Friday the arrival of Finance Minister Hoshyar Zebari on Thursday night, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the IMF on Iraq a loan of $ 18 billion.

He pointed to a ministry statement received by all of Iraq [where] a copy of it, to me , that he "took place during the last period technical talks between a government delegation from the Ministry of Finance and Ministry of Planning and the Ministry of Oil and the Central Bank with the International Monetary Fund experts to review Iraq 's obligations under Stand -By program SBA with the Fund . " 
He said the " Fund pursuant to this program over a three - year credit facility of 4.5 billion dollars to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country, and as a result of the commitment of Iraq 's Fund program to improve public financial policy and rationalization of expenditures and increase revenues performance oil, transparency and the fight against corruption, money laundering and legislation illegal financial management and the central bank. " 
she drew the Ministry of Finance to, that" the total amount to be provided by the program to Iraq within three years from the IMF and the World Bank and the donor countries and international financial institutions is about $ 18 billion to support the economy and financial Iraq. " 
She pointed out that " the international Monetary Fund introduced last July preliminary financial pay for Iraq amounted to round about $ 640 million to support the budget, is scheduled to Iraq , receiving payment other similar increased by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in fiscal policy memorandum and economic. "

[yota691]

 

Previous talks with the International Monetary Fund

The World Bank will lend Iraq three billion dollars as "very low interest rates," the end of 2016

 

Author: HH, ZJ 
Editor: BK, HH 9.9.2016 11:13 Number ofViews: 351 
 

 

Long-Presse / Oman

Expected financial advisor to the Prime Minister Haider al-Abadi, said Friday that the World Bank loan does "affordable long-term" for Iraq end of the year 2016, as he emphasized that the loan amount is estimated at three billion dollars interest "very low."

 He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), during his participation meetings of Iraq with the ongoing international IMF mission in Amman, Jordan, he said that "the World Bank mission that involved meetings provided the vision of funding for economic development in Iraq for the soft loan of about three billion dollars paid in stages, very low interest rates and long repayment term, "noting that it comes in" the framework of a program for financing development in Iraq. "

Saleh added that "the World Bank between the activities targeted by the loan, is the support of the federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister," stressing that "the loan will be spent over three years to coincide with the reformist trends in the activities of government management reform and modernization of payment systems and the social security and the fight against corruption and other things. "

Saleh continued, that "the payout of the loan after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms," expected to "be executed loan to Iraq by the World Bank end of the year 2016".

It is noteworthy that Iraq is currently engaged in the first review of the Stand-By Agreement with the IMF mission negotiations in the Jordanian capital, Amman, in order to complete an IMF loan during the current year 2016.

[yota691]

Iraq will hold talks with the IMF in Amman

Ali Abdul Salman 62  09/09/2016

 

 

 

Direction Press /

Ministry of Finance announced on Friday the arrival of Finance Minister Hoshyar Zebari on Thursday night, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the IMF on Iraq a loan of $ 18 billion.

He pointed to a ministry statement, to, he "took place during the last period technical talks between a government delegation from the Ministry of Finance and Ministry of Planning and the Ministry of Oil and the Central Bank with the International Monetary Fund experts to review Iraq's obligations under Stand-By program SBA with the Fund

He said the "Fund pursuant to this program over a three-year credit facility of 4.5 billion dollars to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country, and as a result of the commitment of Iraq's Fund program to improve public financial policy and rationalization of expenditures and increase non-oil revenues and transparency performance and the fight against corruption, money laundering and illegal financial management legislation and the Central Bank

He pointed to the Finance Ministry, said that "the total amount to be provided by the program to Iraq within three years from the IMF and the World Bank and the donor countries and international financial institutions is about $ 18 billion to support the economy and financial Iraq

She pointed out that "the International Monetary Fund introduced last July preliminary financial pay for Iraq amounted to round about $ 640 million to support the budget, is scheduled to Iraq, receiving payment other similar increased by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in fiscal policy memorandum and economic development.

[yota691]

World Bank offers to Iraq to see funding for economic development

economy

 Since 09/09/2016 14:06 pm (Baghdad time)

Baghdad balances News

Economic Adviser to the Prime Minister predicted the appearance of Mohammed Saleh, said Friday that the World Bank loan does "affordable long-term" for Iraq end of the year 2016.

Saleh said in an interview during his participation meetings of Iraq with the current in the Jordanian capital Amman International IMF mission, said that "the World Bank mission that involved meetings provided the vision of funding for economic development in Iraq for the soft loan of about three billion dollars paid in stages, low interest and very long-term repayment, "noting that it comes in" the framework of a program for financing development in Iraq. "

Saleh added that "the World Bank between the activities targeted by the loan, is the support of the federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister," stressing that "the loan will be spent over three years to coincide with the reformist trends in the activities of government management reform and modernization of payment systems and the social security and the fight against corruption and other things. "

He stressed that "the loan payout after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms," expected to "be executed loan to Iraq by the World Bank end of the year 2016". It is noteworthy that Iraq is currently engaged in the first review of the Stand-By Agreement with the IMF mission negotiations in the Jordanian capital, Amman, in order to complete an IMF loan during the current year 2016, ".anthy 29 / D 24

[yota691]

This why you won't see Zebari dismiss from his post, anytime soon....

 

Zebari coordinate with the International Monetary Fund for the disbursement of $ 18 billion for Iraq

 

Fri, 09 Sep 2016 12:39:51

 

 

 

 

 

 

 

 

 

 

We arrived Iraqi Finance Minister, Hoshyar Zebari, a Jordanian capital Amman, the head of a delegation to begin negotiations with the International Monetary Fund, on Friday, in order to get a loan worth about $ 18 billion, according to an official statement from the Ministry of Finance,

 

 

Iraq had concluded in May / May last, an agreement with the International Monetary Fund in Amman, to grant the Fund a loan for Iraq worth $ 5.3 billion with an interest rate of up to 1.5%, Iraq took a share initial value of about $ 600 million last July.

 

 

 

The Finance Ministry said in its statement, said he "took place during the last period technical talks between the government delegation of the Finance and Planning and oil ministries and the Central Bank with the International Monetary Fund experts to review Iraq's obligations under Stand-By program with the International Monetary Fund."

 

 

Adding, "The International Monetary Fund shall conform to this program over a three-year credit facility of 4.5 billion dollars to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country, and will be the sum of the amounts that the program will be provided by the IMF and the World Bank and the donor countries and financial institutions universal, about $ 18 billion to support the economy and financial Iraq. "

 

 

The Iraqi government acknowledged the end of last month, the country's budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations to bridge the fiscal deficit which stood at 30% of the total budget.

 

 

[Mammaw]

Good morning Yota. Thank you as always for all you do. This is great to see. A has so many people in place to get the job done. If M will stay out of his way.  So great to so Shab in attendance. With that large of a loan I hope the funds go where they are needed and not in someone's back pocket or bank account.

[yota691]

The conclusion of the Iraq talks with the International Monetary Fund in Amman

 

Saturday 10 September 2016 16:32

 

 

 

 

 

 

Alsumaria News / Baghdad Ministry of Finance announced on Saturday, for the conclusion of the Iraq talks with the International Monetary Fund to review the implementation of the standby credit program in the Jordanian capital, Amman, while confirming its intention to continue the discussions and consultations through regular annual meetings of the IMF and World Bank in October next in Washington.         The ministry said in a statement received Alsumaria News, a copy of it, "concluded today in the Jordanian capital, Amman, periodic consultations between Iraq and the International Monetary Fund to review the implementation of the standby credit program as a first stage," indicating that "During the talks, which participated Finance Minister Hoshyar Zebari, a daily review of commitments Iraq and what the government has achieved from prior procedures and standards for the economy and structural performance criteria and indicative targets. "   He added that it "has achieved good progress in many of the fiscal and monetary areas and in the areas of transparency and control and the provision of financial statements and rationalize costs and increase some of the non-oil resources", pointing out that it "has also been reviewing the draft federal budget law for 2017 was agreed at the expense of the price of a barrel of oil 43 instead of $ 35 of the price proposed in the draft budget and card export crude oil, 3.6 million barrels per day. "   Ministry said it "decided to continue discussions and consultations through regular annual meetings of the IMF and the World Bank in October 2016 in Washington," noting that "the talks attended by the Minister of Finance and the Governor of the Central Bank and Financial Advisor to the Prime Minister and the head of the agency and the Ambassador of Iraq Financial Supervision in the Hashemite Kingdom of Jordan and senior officials from the finance, planning and oil ministries and the central bank. "   The Ministry of Finance announced, on Friday, announced the arrival of its minister, Hoshyar Zebari, to the Jordanian capital, Amman, to complete the international consultations between the Iraqi government and representatives of the International Monetary Fund IMF.

[yota691]

Parliamentary Finance: Change the oil price in the budget to anticipate freeze production and will increase the deficit

History of edits:: 11/09/2016 12:09 • 120 visits readable

[Special Oan-] 
parliamentary finance committee suggested, currently the Ministry of Finance to change the price of a barrel of oil in the general financial state budget for 2017 in agreement with the International Monetary Fund, to anticipate a possible deal for the members of the Organization of Petroleum Exporting Countries [OPEC] at the end of September this.

The Ministry of Finance has announced, on Saturday, Iraq 's agreement and the International Monetary Fund at the expense of the price of a barrel of oil at $ 43 instead of the price of 35 proposed in the draft 2017 budget 
, said committee rapporteur Ahmed al - Haj, told all of Iraq [where] that "change the price a barrel of oil in the budget of 2017, came a proactive step by the government to the efforts of the Organization [OPEC] to freeze production, but we see that the price removed is the best current circumstance and if we get a surplus Baward State is possible that there will be a supplementary budget and we want it 
and between, said that "raising the price of a barrel of oil to $ 43 would increase the budget deficit, being optimistic, but the previous price of 35 dollars is more conservative, and as long as oil is the main supplier to balance Iraq, giving the price of my optimism does not serve the general budget. " 
he pointed Haj to," The Finance Committee discussed this issue and we raised the price removed As long as the oil price is stable and the majority of producing countries is currently put the price [Conservative] "likely" it will probably rise in oil prices if he got an agreement of the members of OPEC, but otherwise, prices will fall , so it is not guaranteed. " 
he noted , " we should not forget that the price of oil is not , however , producing countries, but , however , states his conversion to other conflicts , "expected" approve the 2017 budget before the end of this year. " 
the regular consultations between Iraq and the international Monetary Fund , which took place in Amman ,Jordan, concluded on Saturday and the special evening to review the implementation of the Stand -by program , the Ministry of Finance pointed out that the talks reviewed the draft federal budget law for 2017 and was agreed to calculate the price of a barrel of oil at $ 43 instead of the price of the proposed 35 in the draft budget and vCard export crude oil , 3.6 million barrels per day. 
It is scheduled to hold an informal meeting in Algeria on the sidelines of the international energy Forum , which will be held between 26 and 28 September and is expected to seek through it to revive a global agreement to stabilize production levels.

[yota691]

 

International Monetary Fund

International Monetary suggested price of $ 43 oil in the budget deficit in 2017 and describes as "great"

 

Author: BS, ZJ 
Editor: BS 9/10/2016 15:18 Number of Views: 1655 
 

 

 

Long-Presse / Oman

Counting the International Monetary Fund, said on Saturday that the size of the deficit in the budget for Iraq in 2017 and a large hard-covered, and while stressing the need to reduce it by half, I suggest the need to determine the sale price of oil at $ 43 a barrel, instead of the current price budget. 

The governor of the central bank on the Keywords in an interview with (long-Presse) on the sidelines of the Iraqi delegation to the ongoing in Amman, the IMF mission, said that "discussions revolve around two axes foundations first concerns the periodic review of the Convention on the willingness of credit, and the actions taken by Iraq during the period that followed the agreement." .

He added Keywords "The second axis has focused on discussing budget for Iraq in 2017 and the study of its terms and size of expenditures and revenues and the deficit expected in," noting that "the Iraqi delegation For his part, presented a report on the actions taken during the last period, The Fund delegation point Iraq's commitment to implementing most of the provisions of the Convention , and with a limited items requiring completion in November of this year, a month ago. "

Among Keywords that "the Fund found that the size of the deficit in the 2017 budget of 34 trillion dinars represents a large deficit is difficult to be covered, and should need to be reduced by more than half."

He noted the central bank governor and the agency that "the bank's view sees this deficit carries great risks and there is a need to be reduced, especially if the proposed coverage of the resources in the budget bill is not possible and is readily available, which would disrupt the implementation of the general budget allocations and have distorted implementation and puts the Ministry of Finance in a difficult position." .

Keywords and continued that "the size of the deficit will increase the general government debt to very high levels, where domestic debt will be only on the government end of this year more than 40 trillion dinars," adding that "the government's borrowing and demand from the central bank to buy treasury transfers impact and will greatly affect the Central Bank foreign currency reserves, the fact that pumping Iraqi dinars without the presence of Maakablh of the dollar, which means generating demand for the dollar more than it received by the Central Bank of the currency from the Ministry of Finance. "

Keywords and pointed out that "the requirements of safeguarding Iraq's cash reserve call not to build the budget on the deficit exceeds the effective level of public debt service reserve," pointing out that "the Fund suggested that the price of oil source in the budget of 2017 about $ 43, based on the expectation of prices in the coming period of oil, as the fund proposed further reductions on costs and increase some of the revenue that is still being sought on them. "

 

[sandfly]

Thanks yota 

[italiancat]

A senior Iraqi delegation ends complementary negotiations with the International Monetary Fund in the Jordanian capital, Amman
09/11/2016 12:42:04
Oman-East September 11: ended, a senior Iraqi delegation headed by Finance Minister Hoshyar Zebari, a complementary negotiations with the International Monetary Fund in the Jordanian capital Amman to review Iraq's obligations with the IMF Stand-By program. During the talks, the Iraqi government Mahakgueth review of measures in the monetary and fiscal areas and in the areas of transparency, control and rationalization of expenditures and increase some of the non-oil resources. It was also a review of the draft federal budget law for 2017 and was agreed to calculate the price of a barrel of oil at 43 dollars instead of 35 in the price of the proposed draft of the budget and the card export of crude oil of 3.6 million.

 

[sandfly]

Thanks 

[yota691]

 

Previous talks with the International Monetary Fund

"Immaturity" economically Iraq has been presented by international conditions, "most unfair" and Abadi demands as "bold stances"

 

Author: AB, HH 
Editor: AB, BK, HH 13/9/2016 12:22Number of Views: 371 
 

 

Long-Presse / Baghdad

Finance Committee in the House of Representatives expressed on Tuesday its support to the conditions imposed by the IMF on Iraq in return for lending, and demanded that the Prime Minister Haider al-Abadi as "bold positions to resolve the corrupt file", as economists asserted that Iraq faces a "real dilemma" because " lack of maturity "economic which has obliged it to accept the terms of the IMF, warned against the imposition of the final conditions" most unfair "in the absence of Iraq's commitment.

She said the Parliamentary Finance Committee member Majida al-Tamimi said in an interview to the (long-Presse), "The International Monetary Fund request from Iraq as part of recent discussions additional cuts expenditures and the fight against corruption and activating the economic sectors", expressing its support for "the International Fund demands."

Tamimi stressed the need to "include cuts unnecessary spending of the state, and that does not affect employees and retirees, or the life of the salaries of citizens", calling for "the resolution of thousands of files of corruption in the Integrity and Accountability spoilers."

She Tamimi was surprised, of "spending three million and 799 thousand dollars to hire a private aircraft, during the last quarter of the year 2014 and over the past year in 2015, as well as the expenditure of funds and other money on Aivadat officials, in spite of the serious consequences of falling oil prices and the war against organization (Daesh) ", Prime Minister Haider al-Abadi required to" be more aggressive in resolving the corrupt files, especially since he knows very well the defect points and the size of the waste of public money, since he held the presidency of the Finance Committee in the House of Representatives economic and kissed her. "

For his part, the economic expert on behalf of Antoine in an interview (range Press), "The International Monetary Fund put several recommendations and terms when he agreed to lend Iraq, including a review of public budgets of the state and the actions taken to rationalize spending and combat corruption."

He said Antoine, that "the International Monetary Fund found that some of the recommendations have not been applied properly, what could herald its objection and perhaps his lack of loan," stressing that "Iraq is still in front of a big problem not addressed so far, is mono-economy and the continued decline in global oil prices , which may be obliged to accept the terms of the international Monetary Fund despite the prejudice of some of those conditions. "

He said Antoine, that "Iraq faces a real dilemma has compelled him to make other concessions paid for the Iraqi people, which forms the basis of the victim's austerity and loans," attributing the reasons, to "financial mismanagement of the government and the dominance of the ruling parties on the financial file, in addition to rampant corruption and lack of activation sector The private".

In turn, an economist Maitham Laibi said in an interview to the (long-Presse), "The countries and international organizations that have lent money to Iraq has fulfilled its obligations, while the Iraqi government has not fulfilled the other hand its promise them more than once," pointing out that "Iraq continued open-door policy the public sector, which is heavier state treasury, despite calls from the international Monetary Fund to Trchigah and revitalize the private sector. "

He and coffee, that "the International Monetary Fund required to Iraq to improve the economic and monetary policy," returned to "those conditions came because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance."

It is noteworthy that the Jordanian capital Amman witnessed last Saturday, (September 10 2016), the conclusion of the first review of the standby credit agreement with the representatives of Iraq and the mission of the International Monetary Fund to supplement the IMF loan negotiations during the current year 2016.

Iraq has been received 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 low-year annual interest rate of one and a half percent (1.5%), and that the number of payments is 13 batch stretches over 36 months.

The United States of America, confirmed in (the twentieth of April 2016), that the economic reforms the Iraqi government began to show the effects of an increase of non-oil imports, indicating that the Iraqi government's success in reducing the budget deficit means obtaining a loan from the International Monetary Fund worth billions of dollars.

He was the financial advisor to the Prime Minister and the appearance of Mohammed Saleh, said in an interview to the (long-Presse), in the (26th January 2016), that Iraq has agreed with the International Monetary Fund for long-term soft loans for the implementation of development projects, noting that the fund is in among other conditions, the government expenses, and modified some procedures related to economic policies, while counting economist that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.

The International Monetary Fund approved in (the 13th of January 2016), to finance the deficit of the Iraqi budget through clouds of hard currency reserves, which led to the reduction of those reserves from $ 59 billion October 2015 end, to 43 billion during the current year 2016 .

 

[yota691]

IMF thank Iraq on "fruitful cooperation and candor," the first revision of the standby credit agreement

 

 

Economy News / Baghdad He IMF on Wednesday, thanked the Iraqi authorities to "good cooperation" with him and discussions "frank and fruitful", during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings, noting that discussions between the two sides will continue in America during October next I. The head of the IMF mission for Iraq, Christian nut, in a statement received by the "Economy News", a copy of it, "the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework will continue during the upcoming annual meetings of IMF and World Bank held in Washington, DC, for the period from the seventh to the ninth of October 2016 ". He coconut, the "Fund team met with the Minister of the Iraqi Finance, Hoshyar Zebari, and the Governor of the Central Bank of Iraq and the Agency, on the Keywords, financial advisor to the Prime Minister, the appearance of Mohammed Saleh, and a group of officials from the finance, oil, planning and electricity ministries, the Central Bank of Iraq, and representatives of the Government the Kurdistan region, and the Office of financial supervision, the body of retirement, "and expressed" thanks to the Iraqi authorities on the good cooperation and the frank and fruitful discussions. " The Iraqi authorities and experts of the International Monetary Fund held discussions in Amman, Jordan, for the period from 28 August to 10 September 2016, in the first revision of the agreement to prepare the credit amounting duration of 36 months, which was approved by the IMF Executive Board on the seventh of July 2016 framework. The Executive Board of the International Monetary Fund, announced in (the seventh of July 2016), agreed on the standby credit agreement with Iraq worth about five billion and 340 million dollars, to support the government's economic reform program, noting that it gives the Board's approval to spend about $ 634 million for Iraq. 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. The United States of America, confirmed in (the twentieth of April 2016), that the economic reforms the Iraqi government began to show the effects of an increase of non-oil imports, indicating that the Iraqi government's success in reducing the budget deficit means obtaining a loan from the International Monetary Fund worth billions of dollars. AJ
Views 13   Date Added 14/09/2016 - 13:38   Last updated 09/14/2016 - 13:59   No. Content 5109

[yota691]

IMF: discussions to prepare the credit agreement with Iraq continuing for the next month

History of edits:: 14.09.2016 14:00 • 1 visits readable

{Baghdad} Euphrates News said the International Monetary Fund, said that the Stand-By agreement with Iraq, discussions will continue until the ninth month of October.

The head of the IMF mission for Iraq, Christian nut, in a statement seen by the agency {Euphrates News}, " the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework, and will continue during the upcoming annual meetings of IMF and World Bank held in Washington , DC , for the period from the seventh to the ninth of October 2016 ". 
He added that the " Fund team met with the Minister of the Iraqi Finance, Hoshyar Zebari, and the Governor of the Central Bank of Iraq and the agency, on the Keywords, financial advisor to the Prime Minister, the appearance of Mohammed Saleh, and a group of officials from the finance, oil and planning Ministries and electricity, the Iraqi Central Bank, and representatives of the Kurdistan Regional Government, and the Office of financial supervision, the body of retirement. " 
He expressed his" thanks to the Iraqi authorities on the good cooperation and discussions frank and fruitful. " It is 
noteworthy that, regular consultations between the Government of Iraq and the international Monetary Fund to review the implementation of the standby credit program a first phase, concluded last Saturday in the Jordanian capital Amman. 
According to the Ministry of Finance, in a statement received {Euphrates News}, was " to make good progress in many of the fiscal and monetary areas and in theareas of transparency and control and the provision of financial statements and rationalize, indicating" it was during the talks which was attended by Finance Minister Hoshyar Zebari, "Amadavas" was also a review of the draft federal budget for 2017 and to agree the law on the price of a barrel of oil account for $ 43 instead of the price of the proposed 35 in the draft budget and card export of crude oil of 3.6 million barrels per day , ".anthy

[yota691]

IMF: Our discussions with Iraq would resume in Washington next October

economy

 Since 14/09/2016 14:39 pm (Baghdad time)

Baghdad balances News

He assured the International Monetary Fund, on Wednesday, to continue meetings to discuss the first review of the Stand-By agreement, which has in the Jordanian capital of Amman recently, noting that the meetings will continue through October.

The head of the IMF mission for Iraq, Christian nut, in a statement / balance News / received a copy of it, "the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework will continue during the upcoming annual meetings of IMF and World Bank held in Washington, DC for the duration of the seventh the ninth of October 2016 ".

He coconut, the "Fund team met with the Minister of the Iraqi Finance, Hoshyar Zebari, and the Governor of the Central Bank of Iraq and the Agency, on the Keywords, financial advisor to the Prime Minister, the appearance of Mohammed Saleh, and a group of officials from the finance, oil, planning and electricity ministries, the Central Bank of Iraq, and representatives of the Government the Kurdistan region, and the Office of financial supervision, the body of retirement. "

He thanked, for "Iraqi authorities on the good cooperation and the frank and fruitful discussions" .anthy 29 / A 43

[yota691]

IMF: discussions to prepare the credit agreement with Iraq continuing for the next month

History of edits:: 14.09.2016 14:00 • 53 visits readable

{Baghdad} Euphrates News said the International Monetary Fund, said that the Stand-By agreement with Iraq, discussions will continue until the ninth month of October.

The head of the IMF mission for Iraq, Christian nut, in a statement seen by the agency {Euphrates News}, " the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework, and will continue during the upcoming annual meetings of IMF and World Bank held in Washington , DC , for the period from the seventh to the ninth of October 2016 ". 
He added that the " Fund team met with the Minister of the Iraqi Finance, Hoshyar Zebari, and the Governor of the Central Bank of Iraq and the agency, on the Keywords, financial advisor to the Prime Minister, the appearance of Mohammed Saleh, and a group of officials from the finance, oil and planning Ministries and electricity, the Iraqi Central Bank, and representatives of the Kurdistan Regional Government, and the Office of financial supervision, the body of retirement. " 
He expressed his" thanks to the Iraqi authorities on the good cooperation and discussions frank and fruitful. " It is 
noteworthy that, regular consultations between the Government of Iraq and theinternational Monetary Fund to review the implementation of the standby credit program a first phase, concluded last Saturday in the Jordanian capital Amman. 
According to the Ministry of Finance, in a statement received {Euphrates News}, was " to make good progress in many of the fiscal and monetary areas and in the areas of transparency and control and the provision of financial statements and rationalize, indicating" it was during the talks which was attended by Finance Minister Hoshyar Zebari, "Amadavas" was also a review of the draft federal budget for 2017 and to agree the law on the price of a barrel of oil account for $ 43 instead of the price of the proposed 35 in the draft budget and card export of crude oil of 3.6 million barrels per day , ".anthy

[SnowGlobe7]

9th is October...my birthday...we will have a party like possum has never seen if this happens then!!!!!

[Rockymtnhi]

Iraq is a total ship of fools and criminals.  Nothing positive will ever happen to right this ship, ever. 

[yota691]

Iraq, ending the first phase of the loan obligations, "the International Monetary Agreement"

By Roudao 4 hours ago

International Monetary Fund

Roudao - Erbil announced an Iraqi official said on Thursday that his country is the completion of the commitments the first phase of the standby credit agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan of $ 5.3 billion.



Concluded Iraq and the International Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a loan financially worth $ 5.3 billion with an interest rate ofup to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July last year. he said Iraqi Prime Minister for policy Advisor Finance, the appearance of Mohammed Saleh, in a press statement, " the first phase of the standby credit with the IMF agreement included several reform requirements of the Iraqi economy, and performance standards, and financial management reform, reform of some laws, procedures for restructuring the general budget, maintaining bank reserves Central, all of Iraq 's commitment to them. "  Saleh added that" to prepare the credit agreement with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion, includes 13 consultation or obligation, Iraq and the international Monetary Fund , they finished the first review, there will be coming revisions in early October in Washington. "  Iraq 's chief financial officer , and continued that" after each audit is released part of a financial loan to Iraq in accordance with the agreement, and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value). "  for his part , , expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to "good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings."  the Iraqi government acknowledged the end of last month, the country 's budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget.