Iraq rejects the terms of the International Monetary off appointments and resort to the Islamic Bank
Iraq rejects the terms of the International Monetary off appointments and resort to the Islamic Bank of Japan to borrow
Monday 21 December 2015 | 11:45
BAGHDAD / … revealed the parliamentary finance committee member Sarhan Ahmed, on Monday, that the International Monetary Fund required to Iraq not to release of grades and the demobilization of part of the staff and the abolition of the ration card, in exchange for granting Baghdad for loan Mali, among that Iraq rejected those conditions, describing the red lines .
Said Ahmed for “Eye Iraq News”, “The International Monetary Fund on condition compared to lend to Iraq a sum of money, lack of release of grades and the demobilization of part of the staff in addition to the cancellation of the ration card and the removal of subsidies on fuel,” noting that “Iraq rejected those terms on the grounds that staff and the ration card red lines that can not be tampered with. ”
“The IMF loan will shorten the control of all aspects of exchange,” adding that “Iraq also resort to the Islamic Bank and the World Bank in addition to Japan for financial loans in order to meet the budget shortfall in 2016″.
He continued Ahmed said “the value of a budget deficit in 2016 amounted to 24 trillion dinars, which requires the government to resort to borrowing from abroad to fill the large deficit.” It ended 4