Governor of the Iraqi Central Bank discusses the economic situation with the International Monetary Fund

Governor of the Iraqi Central Bank discusses the economic situation with the International Monetary Fund

September 23, 2020 12:12 PM

Governor of the Iraqi Central Bank discusses the economic situation with the International Monetary FundMubasher: The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, held a video-contact meeting with the International Monetary Fund.

During the meeting, according to a statement by the Central Bank, topics related to the economic situation in Iraq were discussed, and the fund’s willingness and desire to assist Iraq by providing technical support and advice, and coordinating financial and monetary policies and financial control plans.

The fund’s team offered the congratulations of the fund’s executive director, Hazem Al-Beblawy, to the governor of the Central Bank on the occasion of his assumption of the position.

And the Parliamentary Finance Committee in Iraq announced, in mid-June, that the Minister of Finance had begun negotiations with the International Monetary Fund to borrow $ 5 billion.

On August 19, the Iraqi Prime Minister, Mustafa Al-Kazemi, discussed with the Director General of the International Monetary Fund, Kristalina Georgieva, the possibility of concluding an agreement with the International Monetary Fund, to support the Iraqi economy and reduce its dependence on oil , by rehabilitating and making other sectors Competition for the oil sector in a way that can absorb unemployment in the country.

The Central Bank indicated, through its Facebook account, that the balance of the Ministry of Finance at the Central Bank of Iraq is sufficient to cover the salaries of state employees for the month of September and subsequent months, according to an informed source.

mubasher.info