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International Monetary Fund warns Iraq

rocky
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International Monetary Fund warns Iraq Empty International Monetary Fund warns Iraq

Post by rocky on Tue 30 Jul 2019, 6:02 am

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International Monetary Fund warns Iraq

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[rtl]Editorial Date: 01/16/2019 13:53 • 87 times read[/rtl]
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{International: Al Furat News} The International Spotting Fund warned of Iraq's continued over-spending.
The IMF said in a report on Tuesday that Iraq's budget for the current year, "if the current spending continues as it is, it will eliminate any progress achieved by Iraq economically during the past years." 
He pointed out that "the projections indicate an increase in Iraqi spending by 25% per year, unless the authorities amend their financial laws and balance sheet items." 
The report pointed out that Iraq's economic situation "faces serious challenges, social conditions in the low and still severe."



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rocky
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International Monetary Fund warns Iraq Empty The International Monetary Fund warns Iraq of financial waste

Post by rocky on Tue 30 Jul 2019, 6:51 am

The International Monetary Fund warns Iraq of financial waste





Baghdad - the new morning
The International Monetary Fund (IMF) on Tuesday warned the Iraqi government against continuing financial waste, adding that continued spending in its current form would eliminate any economic progress made by Iraq.
"Iraq's current budget for 2019, if current spending continues as it is, will eliminate any progress Iraq has made economically over the past years," the IMF said in a report quoted by Babel Finance International.
He pointed out that "the expectations indicate an increase in Iraqi spending by 25% per year, unless the authorities amend their financial laws and balance sheet items," describing the Iraqi economic situation as "facing serious challenges, social conditions in the low and still severe." He noted that "post-war reconstruction is slow, growth requirements are very large, institutional weakness is very clear, in addition to the fluctuating oil prices and geopolitical relations have a significant role on the conditions of the Iraqi economy


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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

Post by Screwball on Tue 30 Jul 2019, 7:07 am

This says it all they must mend balance sheet by removing zeroes and activate their investment laws
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International Monetary Fund warns Iraq Empty International Monetary Fund warns Iraq of financial waste

Post by rocky on Tue 30 Jul 2019, 10:54 am

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International Monetary Fund warns Iraq of financial waste


Kalgamesh Press / follow up
The International Monetary Fund (IMF) on Tuesday warned the Iraqi authorities against continuing financial waste, pointing out that continued spending in its current form would eliminate any economic progress achieved by Iraq.
"Iraq's current budget for 2019, if current spending continues as it is, will eliminate any progress Iraq has made economically over the past years," the IMF said, according to a report by Babel Finance International.
"Expectations indicate an increase in Iraqi spending by 25% per year, unless the authorities amend their financial laws and budget items," he said, describing the Iraqi economic situation as "facing serious challenges, social conditions in the low and still severe."
"Post-war reconstruction is going slowly, growth requirements are very high, institutional weakness is very clear, volatile oil prices and geopolitical relations have a big role on the Iraqi economy," he said.

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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

Post by Wheelman on Tue 30 Jul 2019, 11:46 am

So IMF saying Stop using the USD and get your currency in the international market, implement financial inclusion like yesterday!
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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

Post by mochasmom on Tue 30 Jul 2019, 1:52 pm

Like due 8/1 !!!
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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

Post by azareus on Tue 30 Jul 2019, 2:23 pm

I think you are a bit to optimistic. Just my view
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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

Post by Lobo on Tue 30 Jul 2019, 3:01 pm

With this pressure from the IMF and Mahdi having told the citizens that they would add value to the currency during this legislative session - which ends at the end of the week, and the CBI saying the Trade Banks in Saudi, Dubai and China would be operational by August, I am hopeful we will see it Wednesday or Thursday - let's keep praying.  It has to happen sometime.

flower flower
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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

Post by mochasmom on Tue 30 Jul 2019, 3:13 pm

If there is one thing I learned in these 15 years is that Iraq has no respect for deadlines and timelines. What's worse is that it is in their hands now ,period.
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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

Post by jedi17 on Tue 30 Jul 2019, 7:01 pm

[You must be registered and logged in to see this link.] wrote:With this pressure from the IMF and Mahdi having told the citizens that they would add value to the currency during this legislative session - which ends at the end of the week, and the CBI saying the Trade Banks in Saudi, Dubai and China would be operational by August, I am hopeful we will see it Wednesday or Thursday - let's keep praying.  It has to happen sometime.

flower flower
I am not saying that Iraq could not revalue its currency at any time, however, historically IMF has only valued the dinar to the SDR in late April every year, except in 2003 and 2004 when a value was assigned in September, around the 22nd

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International Monetary Fund warns Iraq Empty Re: International Monetary Fund warns Iraq

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