The IMF reaches a credit agreement with Iraq

The IMF reaches a credit agreement with Iraq

23/11/2017 12:00 am

The IMF reaches a credit agreement with IraqBAGHDAD (Reuters) –
Iraq and the International Monetary Fund’s (IMF) expert team arrived in Amman on November 17-21, 2017 for an agreement on the third review of the 36-month credit agreement with Iraq, the head of the International Monetary Fund’s mission to Iraq said.
“The two sides have made good progress towards reaching an agreement on the 2018 budget bill in line with the credit readiness agreement,” he said in a statement.
“During the discussions, the team met with Acting Governor of the Central Bank of Iraq Dr. Ali Al-Alak, Dr. Maher Johan, Undersecretary of the Minister of Finance, Deputy Minister of Planning Dr. Qassim Attiyah, Financial Advisor to Prime Minister Dr. Mazhar Mohammad Saleh, And officials from the Ministry of Finance and the Central Bank of Iraq and the Ministry of Oil.
The mission team appreciated the efforts made to make the agreement a success, thanking the Iraqi Government for its cooperation and for the open and fruitful discussions held with it.
The Executive Board of the International Monetary Fund had agreed to hold a credit agreement on July 7, 2016 and completed the second review on the first of August 2017.

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