Source: The IMF knows very well that the Minister of Finance has lost the confidence of the people and will not loan it again
Source: The IMF knows very well that the Minister of Finance has lost the confidence of the people and will not loan it again
01-25-2021 11:25 AM
An informed political source confirmed, today, Monday, that Finance Minister Ali Abdul Amir Allawi will not be able to deal again with the International Monetary Fund, as it has lost the people’s confidence due to its wrong financial policy.
The source said in a statement to “Tigris”, “The International Monetary Fund or any foreign entity will not lend to Iraq again at the request of the current Minister of Finance, Ali Allawi, because those parties concerned with the circulation of funds know well that the Iraqi minister has lost the people’s confidence in him, represented by the House of Representatives.”
The source explained that “the wrong policy of the Minister of Finance, whether when he suddenly raised the dollar exchange rate or when he imposed deductions and taxes on employees’ salaries, or when he placed explosive spending in the 2021 budget, which reached 164 trillion dinars, put him in the crosshairs of legal accountability, which called some MPs and blocs.” To demand his dismissal. ”
Yesterday, Sunday, Finance Minister Ali Abdul-Amir Allawi revealed that Iraq was in talks with the International Monetary Fund to obtain a loan of 6 billion dollars to support its faltering economy, indicating that the government is determined to issue treasury bonds worth 5 billion dollars, adding in an interview with the site Once the House of Representatives approves the budget and spending plan, Iraq can apply for two billion dollars in rapid financing from a special mechanism launched by the International Monetary Fund to help economies suffering from the epidemic crisis.
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