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Follow-up meetings to prepare Alantmaia program
1/23/2017 0:00
[rtl]BAGHDAD / morning the
Iraqi side held affiliate program ready Alantmaia meetings with the International Monetary Fund in Baku , capital of Azerbaijan for their meetings toprepare for the second review of the program which will be held in March next month.
A statement by the Ministry of Finance «morning» received a copy of it, that « the meeting was attended by Fadhil Nabi Othman, Deputy Minister of Finance and the Governor of the Central Bank of Iraq and the head of the Federal Office of Financial Supervision and Financial Advisor to the Prime Minister and experts in finance, planning and oil ministries and the Central Bank of Iraq and the Kurdistan region» The statement added that «was to discuss the level of implementation of the general budget for 2016, as well as discuss the extent to which the general budget for 2017 with Alantmaia readiness program to the mechanics of financing the budget deficit in 2017, as expressed head of the IMF mission satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the field meet requirements of the program and it 's going according to timings indicated by the program » . in the meantime, the Ministry of Finance issued a foreign government bonds guaranteed by the US government , one billion Dolar.ozkr another statement , the Ministry said that« the Ministry of Finance has made great efforts during the month of January and the beginning of this month for the issuance of these bonds by meeting all necessary for the completion of this process , which was a success in the end demands ».
He »that the duration of the bond is 5 years and an interest rate of 2.1 percent per year, and the outcome of this bond will be used to finance the budget deficit , based on the General Budget Act , which authorized the Minister of Finance to issue those bonds».
The statement continued that «foreign banks have praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries has issued guaranteed by the US Government bonds.»[/rtl]
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