Iraq and the IMF are making progress on credit standing
Iraq and the IMF are making progress on credit standing
25/11/2017 12:00 am
Baghdad / Al-Sabah
The Iraqi delegation and IMF experts in Amman recently discussed the third revision of the 36-month credit agreement with Iraq.
“The Iraqi delegation and the IMF team of experts have held extensive discussions on the third review of the credit standoff agreement and these discussions have made good progress towards reaching an agreement on the 2018 budget bill in line with the Credit Readiness Agreement.”
During the discussion, The team met with Dr. Ali Mohsen Ismail Al-Alaq Acting Governor of the Central Bank of Iraq, Dr. Maher Johan, Undersecretary of the Minister of Finance, Dr. Qassim Attiyah, Undersecretary of Planning, Dr. Mazhar Saleh, Financial Advisor to the Prime Minister, Financial, and officials from the Ministry of Finance and the Central Bank of Iraq and the Ministry of Oil.
Coconut noted that ” the mission team extend its thanks to the Iraqi authorities for their cooperation and the open and fruitful debates conducted with it.”
The Executive Board of the International Monetary Fund has agreed to hold a standby credit agreement 7 July 2016 (see press release 16/321), and the second review was completed on 1 August 2017.
International institutions have made progress in managing Iraq’s financial profile and announced this on more than one occasion Local and international.
alsabaah.iq
