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Zebari: oil and {Daash »cause of the financial crisis Iraq
10/10/2015 0:00
BAGHDAD - morning
attributed the Finance Minister Hoshyar Zebari, during his presidency of the Iraqi delegation to the annual meeting of the International Monetary Fund and the World Bank which will be held in Lima, Peru, the financial crisis experienced by Iraq to the drop in oil prices on the one hand and the war being waged against Daash on the other.
According to Statement of the Ministry of Finance, «morning» received a copy of it, the «Zebari took part in a symposium organized by the World Bank on the sidelines of the annual meeting of the Fund and the World Bank about the vulnerability in middle-income countries», where the minister pointed out the challenges facing Iraq in this aspect, indicating The «Iraq does not face such a problem in all regions of Iraq, but in some places affected by the war on terrorism and the occupation of Daash terrorist to those lands.
Zebari said, during his speech: The« Iraq a rich country in natural resources, particularly oil wealth, but the drop in oil prices in the global market and the threat of terrorism Daash may impact on Iraq's ability to finance its budget, which form a deficit which, noting that this aspect of vulnerability because of Iraq's dependence on a single supplier, which requires the diversification of its resources and this is sought by the government in order to maximize resources and stimulate the economy and management reforms and economic and anti-corruption.
He noted the minister that the «government has recently proceeded to a series of reform measures and a commitment to international transparency standards in providing and disseminating 2016 budget, on time», stressing that Iraq Aeshche of political fragility because he has a constitution and institutions of a viable and continue, but complain of fragility in structure rentier economy, which needs to be fundamental changes.
On the other hand, met with Finance Minister Hoshyar Zebari, Executive Director of the Arab Group at the International Monetary Fund Hazem Albiloa Executive Director of the Arab Group at the International Monetary Fund.
During the meeting, according to a statement, «morning» received a copy him, to review the relationship between Iraq and the International Monetary Fund, where the minister expressed his appreciation for the speed of the bank in response to the request of the Arab Aq in getting a loan from the Fund in the framework of the mechanism of rapid funding, stressing Iraq's desire to develop its relations with the Fund within the mechanisms to provide support and assistance, so as to contribute in helping Iraq in the face of the financial crisis afflicting.
In another aspect of the meeting, in the presence of representatives of the Iraqi Central Bank, it was also discussed Iraq's relations with the Fund and the proposed consultations between the two sides early in the month of November 2015.
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