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Saturday, September 10, 2016

Sat. AM Iraqi News Articles from KTFA Members 9-10-16


 » September 10th, 2016

World Bank offers to Iraq to see funding for economic development

09/10/2016 - 14:16

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 the IMF loan in 2016 during the current year.


Walkingstick » September 10th, 2016

Iraq is consistent with the IMF at the expense of the price of a barrel of oil to $ 43 in the budget

Twilight News / concluded on Saturday evening in the Jordanian capital, Amman, periodic consultations between Iraq and the International Monetary Fund to review the implementation of the Stand-By program as a first stage.

The Finance Ministry said in a statement responded to the Twilight News, that during the talks, which Finance Minister Hoshyar Zebari participated in the daily yesterday and today a review of Iraq's obligations and Mahakgueth government actions in advance and standards structural economy and performance criteria and indicative targets.

The statement said that he has been 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.

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 barrels per day.

They also agreed to continue discussions and consultations except for periodic annual meetings of the Fund and the World Bank in October 2016 in Washington.

Participated in the talks, 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 in the finance and planning, oil and central bank and ministries.




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