International Monetary released the first batch of its loans to Iraq the end of June

Ebadi adviser to the International Monetary released the first batch of its loans to Iraq the end of June

22.6.2016 9:50

International Monetary released the first batch of its loans to Iraq the end of June[Oan- Baghdad]
Economic Adviser to the Prime Minister Haider al – Abadi, said the end of the month of June, will see the Executive Board of the International Monetary Fund endorsement of the granting of financial loans to Iraq agreement.
He revealed the appearance of Mohammed Saleh in a press statement that ” the Executive Board of the International Monetary Fund will hold a meeting the end of this June or the beginning of next July to approve the granting of loans to Iraq agreement and the start of the launch of the first installment of the loan amounting to 600 million dollars,” he said . ” The government ‘s commitment to its steps to hold reform stable at the far vision to be the approach to the future. ”
the IMF agreed last May to give Iraq a loan of $ 5.4 billion over three years, but give Iraq that is conditioned implemented measures to cut spending and increase non – oil revenue and the payment of arrears to oil companies loan billions of dollars. ”
Saleh added,” the government has approved the measures in the memorandum of the initial agreement during a meeting held two weeks ago, and informed the international Monetary Fund so , “stressing that” the agreement goes according to planned. ”
he noted , ” it is due to be launched first batch of the loan if approved by the Executive Council for the management of the fund by the end of June , and the Convention, and the rest over three years in conjunction with the required economic reforms, which include activation of taxes, fees and improving banking supervision level to fight corruption and money laundering. ”
Saleh pointed out ,” the reforms require action settings in state – owned companies and a review of government employees bloated salaries accounts to eliminate the phenomenon of granting the salaries of those who do not come to perform their jobs or earn more than salary. ”
He stressed that” the IMF loan is required to maintain social spending and the adoption of a mechanism for the disbursement of funds, identifying priorities, including file displaced people, and that it will continue spending without a deficit or find drainage projects due to the deficit, noting that other thing for social care that must include all eligible , without exception , according to the discussions that took place in Amman network. ”
and the government adviser, said , ” the other thing is to keep on the ration card and the salaries of the staff that will be embedded and fixed and there will be cuts again, pointing out that this matter will be the condition of the expansion of the appointments with the exception of medical and health and educational personnel, judges and the armed forces, as well as to be appointments quality. ”
he said,” the talks with the international Monetary Fund in Amman dealt with the preparation of government employees , which exceeded four million employees and three million retired , “adding that it” constitutes a burden on the state. ”
He renewed favor of emphasis on not to ” reduce functional salaries again, and that the promotions will continue , “adding that it” comes subject to the ceiling of salaries and preparation of existing. ”