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Received via email at 8:37 AM for publication. ~ Dinar Chronicles Sure we broke through the sound barrier last night sometime right afte...

Friday, September 9, 2016

Iraqi Finance Minister in Amman to Complete Talks with the IMF

Finance Minister in Amman to Iraq to complete talks with the International Monetary Fund

Friday 9 September 2016

Announced that the Ministry of Finance, on Friday, announced the arrival of its 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. The ministry said in a statement received Alsumaria News, a copy of which, " The Finance Minister Hoshyar Zebari arrived, evening Thursday, the Jordanian capital , Amman , to complete the international consultations between the government and representatives of the international Monetary Fund IMF ", indicating that" took place during the last period technical talks between a government delegation from the Ministry ofFinance and Ministry of planning and the Ministry of oil and the Central Bank with the international Monetary Fund experts to review Iraq 's obligations Get ready program credit SBA with the Fund. "

The ministry added that " the Fund under this program provided 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 , " adding that " as a result of the commitment of Iraq 's Fund program to improve public financial policy performance and rationalize costs and increase non - oil revenues, transparency and the fight against corruption, money laundering and legislation illegal financial management of the Central Bank. "

she noted 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 , "adding that" the Fund provided in July financial initial payment for Iraq amounted to round about $ 640 million to support the budget, 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 fiscal policy memorandum and economic development . " Participants in the talks , Mr. Governor of the Central Bank and financial Advisor to Mr. Prime Minister and a number of general managers and experts in the Ministry of Finance and planning and the Central Bank.


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