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IMF: Baghdad is not currently at risk of running out of liquidity
October 22, 2015
Baghdad/Iraq News Network-a senior official ruled out the International Monetary Fund shows Iraq in danger of running out of liquidity "الافلاس″," revealing the intention of the IMF loan big Iraq. "the Director of the Middle East and Central Asia Department of the IMF, Masood Ahmed said in a press statement:" Baghdad is not currently at risk of running out of liquidity, they can postpone investment projects relying on Central Bank financing if necessary."The Fund has granted Iraq a major loan in 2016 to help it achieve financial stability at a time when Baghdad because of falling oil prices and the war waged against daash." he noted Ahmed, "a team from the Fund would discuss with Iraqi officials early next month means placing a follow-up programme to monitor the Fund's experts in the framework of the economic policies of the country." We hope to build a record of the application.SAT is the basis for another funding program from the International Monetary Fund later in 2016 ", adding that" new Monetary Fund loan would weaken "the Fund approved emergency funding in July this year reached 1.24 billion dollars worth." but said that "the Government needs to develop a clear and comprehensive plan to reform the finances and the IMF program may help in that." said it "believes that the authorities wish to proceed Reforms but stressed that any policy changes must be "socially and politically sustainable" and thus would not seek to impose Monetary Fund options. "Iraqi Prime Minister Haidar Al-Abbadi, Finance Minister and Central Bank Governor to realize all they need to take tough decisions." substantial loan will come from the IMF in terms of economic policy, including steps taken by Baghdad to cut energy subsidies and reform of State-owned enterprises which may be politically difficult.
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October 22, 2015
Baghdad/Iraq News Network-a senior official ruled out the International Monetary Fund shows Iraq in danger of running out of liquidity "الافلاس″," revealing the intention of the IMF loan big Iraq. "the Director of the Middle East and Central Asia Department of the IMF, Masood Ahmed said in a press statement:" Baghdad is not currently at risk of running out of liquidity, they can postpone investment projects relying on Central Bank financing if necessary."The Fund has granted Iraq a major loan in 2016 to help it achieve financial stability at a time when Baghdad because of falling oil prices and the war waged against daash." he noted Ahmed, "a team from the Fund would discuss with Iraqi officials early next month means placing a follow-up programme to monitor the Fund's experts in the framework of the economic policies of the country." We hope to build a record of the application.SAT is the basis for another funding program from the International Monetary Fund later in 2016 ", adding that" new Monetary Fund loan would weaken "the Fund approved emergency funding in July this year reached 1.24 billion dollars worth." but said that "the Government needs to develop a clear and comprehensive plan to reform the finances and the IMF program may help in that." said it "believes that the authorities wish to proceed Reforms but stressed that any policy changes must be "socially and politically sustainable" and thus would not seek to impose Monetary Fund options. "Iraqi Prime Minister Haidar Al-Abbadi, Finance Minister and Central Bank Governor to realize all they need to take tough decisions." substantial loan will come from the IMF in terms of economic policy, including steps taken by Baghdad to cut energy subsidies and reform of State-owned enterprises which may be politically difficult.
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