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Iraqi Finance announces the IMF loan details
Thursday 19-05-2016 | 4:24:24
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Thursday 19-05-2016 | 4:24:24
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Twilight News / announced that the Iraqi Ministry of Finance , the financial support obtained from the IMF agreement will provide the war against Daash requirements, and will not affect government spending on social and health services.
According to a statement of the ministry responded to the Twilight News, she concluded Thursday afternoon , 19 May 2016, negotiations between the the government delegation ,headed by Finance Minister Hoshyar Zebari and the participation of the central bank governor and adviser economic prime minister and leading experts in the financial, oil and planning, electricity and experts of the international Monetary Fund and the ministries.
she added that the negotiations resulted in agreement on the standby credit arrangement program , which provides financial support for Iraq during the next three years , which can continue to provide war requirements of the entity Daash terrorist edit Iraqi territory and toreduce the deficit and financial gap and achieve financial and economic reform real.
on the other hand the keenness of the government delegation that this program does not affect government spending on social and health services and education and a network of social welfare and humanitarian programs. According to the statement.
Iraqi Minister of Finance said on Thursday that his country had reached an agreement loan demand worth $ 5.4 billion with the International Monetary Fund may lead to the submission ofadditional international aid billions in the coming years.
The central bank governor said during a news conference after a week of talks in Jordan that theIMF loan annual interest rate of 1.5 percent and the number of years
and the impact of falling oil prices on global markets since June 2014, largely on the Iraqi economy , which relies on oil to finance more than 90% of state spending, as well as the prohibitive costs of the war against Daash organization.
According to a statement of the ministry responded to the Twilight News, she concluded Thursday afternoon , 19 May 2016, negotiations between the the government delegation ,headed by Finance Minister Hoshyar Zebari and the participation of the central bank governor and adviser economic prime minister and leading experts in the financial, oil and planning, electricity and experts of the international Monetary Fund and the ministries.
she added that the negotiations resulted in agreement on the standby credit arrangement program , which provides financial support for Iraq during the next three years , which can continue to provide war requirements of the entity Daash terrorist edit Iraqi territory and toreduce the deficit and financial gap and achieve financial and economic reform real.
on the other hand the keenness of the government delegation that this program does not affect government spending on social and health services and education and a network of social welfare and humanitarian programs. According to the statement.
Iraqi Minister of Finance said on Thursday that his country had reached an agreement loan demand worth $ 5.4 billion with the International Monetary Fund may lead to the submission ofadditional international aid billions in the coming years.
The central bank governor said during a news conference after a week of talks in Jordan that theIMF loan annual interest rate of 1.5 percent and the number of years
and the impact of falling oil prices on global markets since June 2014, largely on the Iraqi economy , which relies on oil to finance more than 90% of state spending, as well as the prohibitive costs of the war against Daash organization.
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