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The International Monetary Fund supports the Iraq emergency financial aid
4/22/2015
The Ministry of Finance, on Tuesday it had agreed with the International Monetary Fund to provide emergency financial assistance to Iraq, indicating that the goal is to reduce public expenditure.
The ministry said in a statement received "long", a copy of it, that "Iraq agreed with the International Monetary Fund during the detailed technical discussions and conducted by the first Monday yesterday, to crystallize Help Fund for Iraq under the current financial crisis, providing emergency financial assistance." The ministry added that "the agreement comes within the government and Ministry of Finance plans to reduce public expenditure," indicating that "the Iraqi delegation held later talks with the Legal Department and the Department of Accounting at the IMF officials to stand on the use of the government and the Ministry of Finance for funds SDR allocations in the budget of 2015".
The finance ministry announced on Monday (April 20, 2015), said its minister held technical meetings with the Multilateral Investment Guarantee institutions MIGA parties affiliated to the International Monetary Fund, with the support of student visited Iraq staff of the institution.
It is noteworthy that low global oil prices could significantly impact on the budget of Iraq and the budget that relies on oil exports by 95% at the time suffering from significant financial pressures due to rising public expenditure
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4/22/2015
The Ministry of Finance, on Tuesday it had agreed with the International Monetary Fund to provide emergency financial assistance to Iraq, indicating that the goal is to reduce public expenditure.
The ministry said in a statement received "long", a copy of it, that "Iraq agreed with the International Monetary Fund during the detailed technical discussions and conducted by the first Monday yesterday, to crystallize Help Fund for Iraq under the current financial crisis, providing emergency financial assistance." The ministry added that "the agreement comes within the government and Ministry of Finance plans to reduce public expenditure," indicating that "the Iraqi delegation held later talks with the Legal Department and the Department of Accounting at the IMF officials to stand on the use of the government and the Ministry of Finance for funds SDR allocations in the budget of 2015".
The finance ministry announced on Monday (April 20, 2015), said its minister held technical meetings with the Multilateral Investment Guarantee institutions MIGA parties affiliated to the International Monetary Fund, with the support of student visited Iraq staff of the institution.
It is noteworthy that low global oil prices could significantly impact on the budget of Iraq and the budget that relies on oil exports by 95% at the time suffering from significant financial pressures due to rising public expenditure
[You must be registered and logged in to see this link.]
