oilfan Posted January 6, 2012 Report Share Posted January 6, 2012 Statement by IMF Managing Director Christine Lagarde on Iraq Press Release No. 11/465 December 13, 2011 Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after a meeting with H.E. Nouri Al-Maliki, Prime Minister of Iraq in Washington today: “It was a pleasure to meet Prime Minister Al-Maliki today. Over the past several years, Iraq and the International Monetary Fund have engaged in a very successful partnership, anchored by successive IMF-supported economic programs. This partnership has facilitated substantial debt relief and helped achieve macroeconomic stability, including a strong dinar, low inflation, and a resumption of economic growth, in a very challenging political and security environment. “Prudent fiscal policies are essential to maintaining macroeconomic stability and fostering inclusive growth. In this context, I am very encouraged by the government’s new budget proposal for 2012 that was recently submitted to the Iraqi Council of Representatives. The proposal aims to restrain the growth of current spending, thus freeing up resources for infrastructure investment and social support, while limiting the size of the budget deficit. The proposed budget would allow the current Stand-By Arrangement (SBA) to continue to provide a safety net to the budget in case oil revenues were to fall sharply. “Promoting policies that lead to more inclusive growth is central to our engagement with Iraq. We are working closely with the Iraqi government to rebuild its essential economic institutions to help improve economic management and public service delivery. The current SBA offers a framework for Iraq’s structural reform agenda, by promoting better public financial management, including the management of Iraq’s hydrocarbon resources, and developing a financial sector that can support private sector activity and job creation. We look forward to further progress in these areas. “We remain committed to helping Iraq in its efforts to foster sustained and inclusive economic growth, generate viable employment opportunities, and improve living standards for all Iraqis. An IMF staff mission is scheduled to meet the authorities in January to discuss progress under the program and next steps.” http://www.imf.org/external/np/sec/pr/2011/pr11465.htm Sorry if this was posted before. 5 Link to comment Share on other sites More sharing options...
simon8957 Posted January 6, 2012 Report Share Posted January 6, 2012 WOW..great find...lots of positives..I like the first paragraph where it says ..."a strong dinar" 1 Link to comment Share on other sites More sharing options...
Patriotic_mess Posted January 6, 2012 Report Share Posted January 6, 2012 (edited) WOW..great find...lots of positives..I like the first paragraph where it says ..."a strong dinar" I saw that too, "It helped achieve a strong macro economic economy and a strong dinar." Very interesting they would use the past tense for that. I am really optimistic about good things to come! Edited January 6, 2012 by Patriotic_mess Link to comment Share on other sites More sharing options...
Markinsa Posted January 6, 2012 Report Share Posted January 6, 2012 Posted Here: http://dinarvets.com/forums/index.php?/topic/95278-statement-by-imf-leader-lagarde-on-iraq/page__view__findpost__p__774898 Go here to see previous comments and to comment. - Link to comment Share on other sites More sharing options...
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