The International Monetary Fund confirms its readiness to support economic reforms in Iraq
The International Monetary Fund confirms its readiness to support economic reforms in Iraq
25/12/2020 14:20
[Baghdad_Where]
On Friday, the International Monetary Fund welcomed the efforts of the Iraqi authorities to make reforms in fiscal and monetary policy, while affirming its readiness to support these reforms.
“The repercussions of the Covid-19 pandemic and the sharp drop in oil revenues create grave risks that threaten the economic stability of Iraq,” Tokir Mirzoyev, head of the fund’s mission on Iraq, said in a press statement.
Mirzoyev added, “The continuation of reforms in the next stage, including in the structural areas, will have a great impact on strengthening gains in the short term.”
He explained, “These reforms are of great importance in ensuring the stability of the Iraqi economy,” stressing that “the International Monetary Fund is ready to support reform efforts made by the Iraqi authorities at this challenging juncture.”
alliraqnews.com
