The central bank reveals an important meeting with the International Monetary Fund

The central bank reveals an important meeting with the International Monetary Fund

7-3-2017

Central Bank of IraqRevealed the central bank governor, on Monday, for an “important” meeting with the International Monetary Fund during the month of August next, pointing out that the basis of the reimbursement of Iraq Fund grants and loans agreed upon launch requirements.

Keywords and said in an interview with the official newspaper “Sabah”, said that “an important meeting will be held with the International Monetary Fund in the month of August and will be based on the reimbursement of Iraq Fund grants and loans agreed the launch of the requirements of them after submission (supplementary budget) to pay dues the farmers, contractors, suppliers and several doors other expenses “.

He said the Keywords, that “the IMF requirements in this area indicated to the article says (in case it is needed to prepare the budget complementary to the implementation of the payment of dues, the government should provide budget supplemental to establish a legal cover for the payment of these receivables as well as make some adjustments based on the change that happened on oil prices or due to an increase in some expenses) and the objective of the IMF from these observations is to be retained on the ceilings specified for the expenses. ”

Keywords pointed out that “at the last meeting was at the International Monetary Fund, there were observations on the commitment to assignments planned in the general budget of the state and the presence of Diffraction them sometimes, and I have explained to them that Iraq -obgm is relatively stable conditions experienced Bha- can not adjust melodious because of the many variables and circumstances, and having understood they demanded that there be a legal cover for these new changes. ”

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