Posts Tagged ‘IMF’

IMF discusses strengthening of tax revenues in Iraq

IMF discusses strengthening of tax revenues in Iraq

29-03-2017 10:35 AM

East News –

Representatives of the Iraqi private sector discussed with a delegation from the International Monetary Fund and the recent approval of a loan for Iraq, for the payment of arrears to contractors and suppliers of Iraqis and peasants, by the government and the ways to solve this problem, given their importance to the stability of the economy. He asked the head of the IMF mission to Iraq Read more…

Iraq begins new consultations with the IMF and the World Bank

Iraq begins new consultations with the IMF and the World Bank

Saturday 18 March 2017 at 12:05

BAGHDAD / Sky Press: Iraq begins a new round of consultations and discussions with the International Monetary Fund and the World Bank in Washington DC late next April.

According to a statement of the Fund at the end of his consultations with the Iraqi government in the Jordanian capital Amman yesterday, that “the Iraqi authorities and experts Read more…

The International Monetary Fund expects limited growth of Iraq’s economy in 2017

The International Monetary Fund expects limited growth of Iraq’s economy in 2017

03/18/2017 14:56

{International: Euphrates News} predicted the International Monetary Fund on Saturday, limited the growth of the Iraqi economy for the current year, mainly because of the commitment agreement “OPEC” to reduce the membership of the Organization of crude oil production.
The IMF said in a statement following the visit Read more…

World Bank lends Iraq billion and $ 485 million

World Bank lends Iraq billion and $ 485 million

12/21/2016 9:10

[Where – Follow – up]
World Bank said it approved a new loan of 1.485 billion dollars to help Iraq to alleviate the weak oil prices on the economy and bear the cost of the war against Daesh terrorist gangs.
The bank said in a statement that the new loan brings the total financial assistance from the World Bank for Iraq to about Read more…

IMF … between the development of economy and finance of corruption in Iraq

IMF … between the development of economy and finance of corruption in Iraq

Posted 28/11/2016 11:09 AM

Corruption and economic disarray practiced by successive governments in Iraq since 2003, in all its forms and fields is more greedy and deadly and spread the country’s economy from the direct physical occupation.
And it highlights the seriousness of the corruption Iraq’s request to borrow from the International Monetary Fund; to address the deficit in the balance of payments on the one hand and dumping the Iraqi economy, debt and economic dependency does not end on the other hand; forcing Iraq to open the doors of its economy wide Read more…

Iraq will receive $ 634 million from the International Monetary Fund

Iraq will receive $ 634 million from the International Monetary Fund

18/10/2016 11:49

National Center Brief / NNC – Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh, Tuesday, that Iraq will receive a second loan of $ 634 million after sending some clarifications to the IMF, noting that the talks led to a reduction of Read more…

IMF: Iraq is making good progress to complete the Stand-By Agreement

IMF: Iraq is making good progress to complete the Stand-By Agreement

10/13/2016 10:17

[Oan- Baghdad]
IMF mission announced in Baghdad that Alarachakq good progress towards the completion of the first review of the standby credit agreement.
A statement by the Central Bank of Iraq received by all of Iraq [where] a copy of it, all made Christian nut, head of the IMF mission to Iraq, saying ” the Iraqi authorities continued their discussions Read more…

Saleh: The new round of talks to lend Iraq more than five billion dollars

Saleh: The new round of talks to lend Iraq more than five billion dollars

5/10/2016 0:00

BAGHDAD / Alaa al – Taie
revealed financial advisor to the Prime Minister Haider al – Abadi, the launch of a new round of for the implementation of the standby credit agreement in Washington talks next week, under which Iraq will receive five billion and $ 300 million as a soft loan to support the budget, during the period from 2016 to 2019 », adding that« the loan will allow Iraq ‘s international financial Read more…

Abadi adviser: IMF expressed its readiness to open up in front of his locker Iraq

Abadi adviser: IMF expressed its readiness to open up in front of his locker Iraq

09/22/2016 18:36

Prime Minister of Financial Affairs Advisor to detect the appearance of Mohammed Saleh, Thursday, for the determination of the US administration and the International Monetary Fund to provide more financial aid for the reconstruction of liberated areas of Daesh terrorist organization in Iraq.
He said Saleh’s (National Bri) center, “The recent meetings in Washington DC between a number of countries and the Iraqi delegation headed by Prime Minister Haider al-Abadi, there was a very positive and promises from a number of Read more…

IMF: discussions to prepare the credit agreement with Iraq continuing for the next month

IMF: discussions to prepare the credit agreement with Iraq continuing for the next month

14.09.2016 14:00

{Baghdad} Euphrates News said the International Monetary Fund, said that the Stand-By agreement with Iraq, discussions will continue until the ninth month of October.
The head of the IMF mission for Iraq, Christian nut, in a statement seen by the agency {Euphrates News}, ” the Iraqi authorities and experts Fund fought the discussions on the first review of the agreement to prepare the credit framework, and will continue during the upcoming annual meetings of IMF and World Bank held in Washington , DC , for the Read more…

Economist: Modify the price of oil in the budget of 2017 to $ 43 more realistic

Economist: Modify the price of oil in the budget of 2017 to $ 43 more realistic

9.13.2016 12:28

[Oan- special]
counting economist, modify the price of a barrel of oil in the budget for fiscal 2017 from $ 35 to $ 43, as “more realistic.”
Said Bassem Jamil Antoine, told all of Iraq, [where], that ” the government estimates for the price of a barrel of oil at $ 35 in the budget of 2017 was pessimistic lot and creates a large deficit in the budget, but the IMF also examined oil prices and global events and Read more…

Iraq and the International Monetary Fund agree to the expense of a barrel of oil at 43 dollars in the budget of 2017

Iraq and the International Monetary Fund agree to the expense of a barrel of oil at 43 dollars in the budget of 2017

10/09/2016 17:24

[Where-Baghdad]
agreed Iraq and the International Monetary Fund at the expense of the price of a barrel of oil at 43 dollars instead of 35 rate proposed in the draft 2017 budget.
A statement by the Ministry of Finance Agency has received all of Iraq [where] a copy of it on Saturday it had “concluded this evening, in the Jordanian capital , Amman , periodic consultations between Iraq and the International Monetary Fund to review the implementation of the Stand -By program as a first stage took place during the talks in which he participated Read more…

World Bank offers to Iraq to see funding for economic development

World Bank offers to Iraq to see funding for economic development

09/09/2016 14:06 pm (Baghdad time)

Baghdad balances News
Economic Adviser to the Prime Minister predicted the appearance of Mohammed Saleh, said Friday that the World Bank loan does “affordable long-term” for Iraq end of the year 2016.
Saleh said in an interview during his participation meetings of Iraq with the current in the Jordanian capital Amman International IMF Read more…

A new Iraqi talks with the IMF in Amman on a loan of $ 18 billion

A new Iraqi talks with the IMF in Amman on a loan of $ 18 billion

9.9.2016 10:23

[Oan- Baghdad]
Ministry of Finance announced on Friday the arrival of Finance Minister Hoshyar Zebari on Thursday night, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the IMF on Iraq a loan of $ 18 billion.
He pointed to a ministry statement received by all of Iraq [where] a copy of it, to me , that he “took place during the last period technical Read more…

Finance: approve the budget of the International Monetary conditions, including the tax increases

Parliamentary Finance: approve the budget of the International Monetary conditions, including the tax increases

8.22.2016 15:10

{Baghdad} Euphrates News said the parliamentary finance committee member Ahmed al-Haj, said that the general budget for 2017 will be approved next in according to the terms of the International Monetary Fund.
He said al – Haj, told {Euphrates News}, ” is required to pass the budget in accordance with the timetables set by the law of financial management and public debt,” he said . “At present , although there Read more…

Oil issues in Iraq’s agreement with the IMF

Oil issues in Iraq’s agreement with the IMF

8/14/2016 0:00

Ahmed Musa translation – Khalid Qasim
provide the International Monetary Fund within the latter its agreement with Iraq a loan of 5.34 billion dollars , it focuses on the implementation of economic and financial policies to help the country deal with falling oil prices and ensuring debt sustainability.
And include the Convention, in regards to the oil sector, specific obligations on Iraq must fulfill them and relate to three aspects are arrears of international oil companies, as it confirms the IMF on the continued implementation Read more…

Stand-By Arrangement with the International Monetary Fund «SBA»

Stand-By Arrangement with the International Monetary Fund «SBA»

8/7/2016 0:00

Obtained by the «morning» exclusively
Baghdad – the morning of the
Executive Board of the International Monetary Fund endorsed on 7 July 2016 an agreement (standby credit with Iraq arrangements) that is embodied in the appendices accompanying (by Iraq) and of the letter of intent and memorandum of economic and financial policies and a memorandum of technical understanding.
the aim of the mentioned to close the financial gap of more than $ 50 billion over the years 2016-2019 agreement. The agreement will also provide credit facility (in a soft loan) of $ 5.3 billion.
Granted credit facilities by 13 installments starting from mid – July 2016 , Read more…

IMF agreement test for Iraq

IMF agreement test for Iraq

7/23/2016 0:00

Edmund O’Sullivan / Torgomh- Khalid Qasim
IMF has developed a tremendous program to rewrite Iraq’s ailing economy. The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.
Paint a document program that Iraq agreed upon to ensure Read more…

IMF says no reason to devalue Iraqi Dinar

IMF says no reason to devalue Iraqi Dinar

Posted, Jul 17, 2016

(IraqiNews.com) BAGHDAD – International Monetary Fund (IMF) has approved a three-year $5.34 billion loan for Iraq. The loan is focussed on implementing economic and financial policies to help Iraq cope with lower oil prices and ensure debt sustainability.

In a statement issued by the IMF it was mentioned that the loan would be provided under the ‘Stand-By Agreement’ facility and it includes measures to protect vulnerable populations.

In an interview with IMF news, the transcription of which was also obtained by Iraqi News, IMF mission chief Read more…

Iraq: recruitment freeze and the imposition of fees and levies in the next three years

Iraq: recruitment freeze and the imposition of fees and levies in the next three years

07/17/2016

BAGHDAD / JD / .. in light of the financial crisis experienced by the country as a result of lower oil prices, the federal government began to resort to external borrowing to bridge the shortfall in the general budget, where the IMF agreed to lend Iraq more than $ 16 billion under the terms required to Iraqi government adhered to, including a recruitment freeze and the imposition of duties and taxes, in addition to obtaining the levies private sector services to increase revenue, as well as other conditions and obligations.
It seems that the Iraqi government would agree to all the international conditions in order to get Read more…