IMF agrees to Iraqi economic program

IMF agrees to Iraqi economic program

January 13, 2016 10:44

IMF agrees to Iraqi economic programDirect: agreed Christine Lagarde, Managing Director of the International Monetary Fund on a program for the management of informal agreements between the members and experts to follow up the Iraqi Fund economic program set by the government.

IMF said in an official statement, that those agreements do not involve financial assistance or followed by approval of the IMF Executive Board.

It was for this program reached last November, the International Monetary Fund, who pointed out that it allows the Iraqi authorities to establish a positive record of achievement, positioned to the possibility of obtaining financing arrangement from the Fund.

Iraq and is facing several economic challenges of the most important organization Daash the sharp fall in oil prices, and aims to reduce the non-oil primary deficit $ 20 billion and 12% of the total gross domestic product of Iraq from 2013 to 2016.