2017/04/18 | 12:51
(Encyclopedia of this Day News | Iraq News ) - Economy News Baghdad, announced the financial adviser to the head of the Iraqi government, the appearance of Mohammed Saleh on Tuesday that the Iraqi delegation , which will meet with the IMF in the coming days in Washington will discuss the development of foreign reserves.
Saleh said in a special interview with Economy News, he said that the Iraqi delegation will discuss with the IMF , the implementation of the budget for the current financial year and the management of public revenue and expenditure and the financing of the fiscal deficit, adding that he will discuss the development of foreign reserves to ensure stability.
He explained that the Iraqi government succeeded in achieving economic reform , which is reflected positively on the economy, stressing that the benefits of the International Monetary Fund loans are very few.
The start of the Iraqi delegation headed by the Minister of Finance Agency Abdul Razzaq Al - Issa, next Friday in Washington discussions with the International Monetary Fund and the World Bank to prepare a review of the credit agreement , which included lending Iraq $ 5.4 billion to cover the deficit in the fiscal budget.
A source in the Iraqi government refused to disclose his name to the economy News, that an Iraqi delegation headed by the Minister of Finance Agency Abdul Razzaq al- Issa will go to the American city of Washington this week to discuss the readiness of credit signed by Iraq in the general agreement in 2015, noting that the delegation will begin its meetings with the International Monetary Fund and the World Bank on Friday , the next day on April 21 and lasts for three days.
The source said that the delegation and the Minister of Finance Agency Abdul Razzaq al- Issa and Central Bank Governor Ali Keywords Financial Advisor to the Prime Minister includes the appearance of Mohammed Saleh, and officials from the Ministry of Finance, the Ministry of Oil and the Ministry of Planning and Oil Marketing Company SOMO, and the device of the Central Bureau of Statistics, the Central Bank of Iraq, and representatives the Kurdistan Regional Government, and the Office of financial supervision.
The Iraqi delegation held with the International Monetary Fund experts discussions in Amman during the period from 5 to 17 March 2017 on Article IV in 2017 consultations, and review the second agreement to prepare the credit SBA with Iraq, amounting to a 36 - month, which was approved by the Executive Board of the IMF international on July 7 , 2016.
It aims to prepare the credit agreement to correct the fiscal balance and the balance of the external position, and improving public financial management, while protecting social spending.
The first review was complete under the standby credit agreement on 5 December 2016.
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