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IMF: We will give Iraq a big loan
10/21/2015
The International Monetary Fund, on Wednesday, he may give Iraq a large loan in 2016 to help him achieve financial stability, adding that Baghdad is not currently at risk of liquidity into force.
The Middle East Department Director of the Central Asia in the Fund Masood Ahmed in a statement carried by "Reuters" , "The team of the Fund will discuss with Iraqi officials early next month ways of setting up a program to Baghdad watching Fund experts in which the economic policies of the country."
Ahmed said, that "the Fund Iraq could give a large loan in 2016 to help him achieve financial stability at a time when suffering the Baghdad because of falling oil prices and the war being waged against the organization of the Islamic state.
"Ahmed and he hoped to" build a record for the application of policies as the basis for another program funding from the International Monetary Fund later in 2016, "noting that" the loan of the new IMF will fold emergency funding by the Fund it has agreed in July this year, which was worth $ 1.24 billion.
"He continued, that" Baghdad is not currently in danger of running out of cash because they can postpone investment projects and rely on the financing of the central bank if need be ", but he also said that" the government We need to develop a clear and comprehensive plan to reform its finances, although the International Monetary Fund program may help in that. "
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10/21/2015
The International Monetary Fund, on Wednesday, he may give Iraq a large loan in 2016 to help him achieve financial stability, adding that Baghdad is not currently at risk of liquidity into force.
The Middle East Department Director of the Central Asia in the Fund Masood Ahmed in a statement carried by "Reuters" , "The team of the Fund will discuss with Iraqi officials early next month ways of setting up a program to Baghdad watching Fund experts in which the economic policies of the country."
Ahmed said, that "the Fund Iraq could give a large loan in 2016 to help him achieve financial stability at a time when suffering the Baghdad because of falling oil prices and the war being waged against the organization of the Islamic state.
"Ahmed and he hoped to" build a record for the application of policies as the basis for another program funding from the International Monetary Fund later in 2016, "noting that" the loan of the new IMF will fold emergency funding by the Fund it has agreed in July this year, which was worth $ 1.24 billion.
"He continued, that" Baghdad is not currently in danger of running out of cash because they can postpone investment projects and rely on the financing of the central bank if need be ", but he also said that" the government We need to develop a clear and comprehensive plan to reform its finances, although the International Monetary Fund program may help in that. "
[You must be registered and logged in to see this link.]
