Posts Tagged ‘International Monetary Fund’

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…

Abadi discussed with the International Monetary director of the implementation of economic reforms

Abadi discussed with the International Monetary director of the implementation of economic reforms and diversification of resources

22.9.2016 9:21

[Where – Baghdad]
discussed the Prime Minister Haider al – Abadi, on Thursday, with the Director General of the International Monetary Fund , Christine Lagarde, the areas of cooperation between the Fund and the Iraqi government.
A statement by the Office of the Abadi received by all of Iraq [where] a copy of it today, ” The Prime Minister received at his residence in New York , Director General of the International Monetary Fund Christine Lagarde has been researched and Read more…

Iraq is negotiating for a $ 30 billion, and its debt is estimated at $ 85 billion

Iraq is negotiating for a $ 30 billion, and its debt is estimated at $ 85 billion

09/21/2016

BAGHDAD / JD / .. despite the fact that Iraq’s debt, internal and external, and that still his trust estimated at $ 85 billion, but he still follows the lending policy, where the government negotiate friendly countries and international banks for financial loans of up to about $ 30 billion is would it give over stages of many years with a ratio of benefits.
This comes as a result of the lack of lending financial state revenues 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…

Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations

Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations

11.9.2016 18:26

Long-Presse / Oman
The governor of the Central Bank, on the Keywords, on Sunday, Iraq’s commitment to the pledges made to the International Monetary Fund Ptoukatadtha specific, especially as it is consistent with the orientations and objectives, noting that the Fund was surprised to be Iraq’s reserves of foreign currency more than its forecast of about ten billion dollars.
And concluded in the Jordanian capital, Amman, on Saturday, (the tenth of September now 2016), a new round of talks between Iraq and the International Monetary Fund on standby credit program 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…

Washington suggest the IMF projects growth of non-oil sector in Iraq by 2018

Washington suggest the IMF projects growth of non-oil sector in Iraq by 2018

4.9.2016 13:38

Long-Presse / Baghdad
Suggested the US Embassy in Baghdad, on Sunday, the growth of the International Monetary Fund projects sectors is oil in Iraq by the year 2018, and revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms, the investment climate to improve, confirmed that the bank international and Washington identified the sectors that could be developed to contribute to attracting investment in Iraq.
A spokesman for the US embassy in Baghdad Kim Dboa in an interview with (long-Presse), said that “Iraq needs financial stability to evolve as the standby credit agreements of the International Monetary Fund and support Read more…

Finance exclude the repeal of Article 14 of the International Monetary Fund loan agreement on Iraq

Parliamentary Finance exclude the repeal of Article 14 of the International Monetary Fund loan agreement on Iraq

08/24/2016

BAGHDAD / JD / .. ruled the parliamentary finance committee, the repeal of Article 14 of the International Monetary Fund agreement signed with Iraq on the granting of loans, while confirming that the past parliament to vote on all articles and paragraphs Convention.
A member of the committee MP Sirhan Ahmed told / KD / there was no intention by the Finance Committee or Parliament in general to stop or cancel Any of the Iraqi articles of the Convention with the IMF on loans, stressing that all the materials 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…

Baghdad discussed the budget in 2017 with the World Bank over the next week

Baghdad discussed the budget in 2017 with the World Bank over the next week

21/8/2016 16:35

Long-Presse / Baghdad
Revealed Economists, on Sunday, for a meeting of Baghdad with the International Monetary Fund, in the 28th of this month to study the general budget for Iraq in 2017 and the extent of its commitment to the recommendations of the World Bank, as an enemy to those recommendations “are necessary and in the interest of the country,” deputy criticized the mass of Warka recommendations World Bank Read more…

Iraq is heading toward financial stability

Iraq is heading toward financial stability

8/15/2016 0:00

BAGHDAD morning
heading Iraq during the next term to financial stability in case of compliance with all the economic and political reforms together, especially with the end to the existence of a gang «Daash» terrorist in the country and the liberation of its territory, which would ease the financial burden on the state.
Rapporteur of the Finance Committee Ahmed al – Haj Rashid stressed that «Iraq can safely make financial stayed with him, if he was able to abide by all the economic reforms , which must be 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…

Consultant Abadi: oil revenues as a whole does not fill only 75% of salary

Consultant Abadi: oil revenues as a whole does not fill only 75% of salary

09/08/2016

Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh, Tuesday, that the oil revenues as a whole does not fill only 75% of salary, while the description and the Undersecretary of the Ministry of Finance Fadhil Nabi Othman, the financial situation of the country as “comfortable”.

Official newspaper “Sabah” and quoted Saleh as saying, ” The government agreed with the International Monetary Fund stressed 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…

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…

Saleh: the agreement with the IMF «financial protection for Iraq

Saleh: the agreement with the IMF «financial protection for Iraq

7/17/2016 0:00

Baghdad , Alaa al – Taie
Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, about the deal with the International Monetary Fund as a «financial protection for Iraq» and expressed optimism about the improvement in the credit and financial viability of Iraq by the surge in Iraq ‘s international value of the bonds that created until 2028, amounting to $ 2.7 billion revealed , particularly after the IMF approved a loan worth $ 5.3 billion.
Saleh said in an interview for «morning»: the Iraqi government agreement with the IMF was born financial Read more…

Iraq to cut spending in 2016 and owes billions of dollars

Iraq to cut spending in 2016 and owes billions of dollars

14/07/2016 18:44 pm (Baghdad time)

Baghdad balances News
The Iraqi government announced in a memorandum published by the International Monetary Fund that Iraq will cut spending in the non-oil budget in 2016 by 15% and Sestdan billions of dollars in light of falling oil prices more than expected.
Iraq relies’s second-largest oil producer in OPEC crude exports to earn almost all its revenue.
While Iraq is seeking support from donors in the light of the collapse Read more…