Finance: Iraq’s non-binding conditions of the International Monetary Fund for lending
Parliamentary Finance: Iraq’s non-binding conditions of the International Monetary Fund for lending
December 28, 2015
Ruled out the parliamentary finance committee member Husam punitive, Monday, removal of subsidies on the ration card and oil derivatives as the condition of the International Monetary Fund to lend the Iraqi government, while stressing the continuation of employees and retirees pay the salaries and not compromising with slices of Iraqi society.
The punitive “and said Iraq was committed to with the International Monetary Fund annual obligations and duties, including the granting of an annual subscription or monthly In contrast, Iraq shall have the right to take loans as needed.”
He added that “Iraq is not bound to adopt the view of the recommendations of the International Monetary Fund that are harmful to some segments of Iraqi society, in some cases,” stressing “the continuation of support for the ration card in addition to the salaries of retirees stay as they are.”
He explained that “the World Bank’s fund has a desire to interest in investing and the private sector, ruling out the removal of subsidies on the ration card and oil derivatives in addition to the continuation of employees and retirees pay the salaries in spite of Iraq passing crisis, but did not reach the stage of damage slices community Alassayash”.
The International Monetary Fund on condition of removal of subsidies on electricity and the ration card to lend to the Iraqi government and enable them to fill the projected shortfall in the next budget in 2016.