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The Governor of the Central Bank meets the President of the International Monetary and the Executive Director of the Fund

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The Governor of the Central Bank meets the President of the International Monetary and the Executive Director of the Fund

April 16, 2023
 
    The Governor of Iraq in the International Monetary Fund and the
Governor of the Central Bank of Iraq met His Excellency Professor Ali Mohsen Al -Alaq on the sidelines of the annual meetings of the Fund in Washington,
Mrs. Crystalina Gorghevar, President of the International Monetary Fund.

    His Excellency the Governor discussed the need of Iraq to develop an artistic program with the fund that takes into account the country's

security and
economic conditions
, especially the
exceptional challenges that cost it a high price at various levels.

    For her part, Mrs. Crystalina expressed

an understanding of the conditions of Iraq and the
circumstances that he went through
, and
supported the proposal of His Excellency the Governor of the necessity of a program with the fund to serve as a reference to economic policies between the two parties.

    His Excellency the Governor also met with the Executive Director of the International Monetary Fund, Mr. Mahmoud Mohiuddin, and the

two parties discussed financial stability issues in Iraq.

    Mr. Mohiuddin expressed the interest of the fund to provide the necessary support to Iraq in issues of economic reform in order to gradually achieve its non-oil imports.

    The two parties discussed the

necessity of signing an agreement between Iraq and the fund
, which is
determined by its framework and content during the visit of the delegation of the International Monetary Fund team to Baghdad.

    The visit to the next month aims to

organize the steps of economic reform and financial performance programs
, and the
aspects in which Iraq is asking for technical and advisory support.

    It is noteworthy that the experts of the fund assured the Iraqi delegation the

importance of Iraq to implement economic reforms in times of financial abundance because of the support and flexibility of oil revenues for this program,

especially those related to

supporting the poorest segments and
building financial bumps to meet the fluctuations of global oil prices.

   
    The Central Bank of Iraq
    information Office
    16 - Nissan – 2023

https://cbi.iq/news/view/2308

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