International Monetary confirms its readiness to assist Iraq in prioritizing public spending

[size=36]International Monetary confirms its readiness to assist Iraq in prioritizing public spending[/size]

The International Monetary Fund confirms its readiness to cooperate with Iraq to develop a financial plan and prioritize public spending

[rtl]Baghdad / Al-Ghad Press:[/rtl]



[rtl]The International Monetary Fund confirmed today, Friday, its willingness to help Iraq prioritize public spending in light of the drop in oil prices and the effects of the Corona virus.[/rtl]


 



[rtl]The media office of the Deputy Prime Minister for Economic Affairs and Minister of Finance Fouad Hussein said in a statement, "Tomorrow Press" received a copy of it, "The latter met, through closed-circuit television, with Jihad Azour, head of the Middle East and Central Asia division at the International Monetary Fund in Washington and his accompanying delegation. From the Iraqi side, Salah Al-Din Al-Hadithi, Director General of the Public Debt Department at the Ministry of Finance, and Salem Al-Olabi, Adviser to the Prime Minister, attended the meeting.[/rtl]



[rtl]He added, "At the beginning of the meeting, Fuad Hussein clarified the most prominent challenges facing Iraq in light of the crisis of the spread of the Corona virus and low oil prices and the recent meeting of OPEC with oil countries outside the organization called (OPEC Glass), where a decision was taken to reduce the export of about ten million barrels For one day to the global markets. Iraq’s acceptance to reduce more than one million barrels per day of Iraqi production, and the impact of this decision and the decline in oil prices on the financial and economic situation in Iraq. He also explained the measures studied on how to deal with this situation and the government's ways to confront these challenges.[/rtl]



[rtl]On the situation of the market and the availability of foodstuffs, Hussein emphasized, "The abundance of agricultural commodities and animal products in the Iraqi market, and this is due to the decisions taken at the meetings of the Ministerial Council of Economy, where the Ministry of Agriculture was supported to protect local agricultural and animal products, which led to the existence of storage and food cover for the local market." And this is considered positive under the current circumstances and the local market prices were not affected due to the closure of the border outlets and the interruption of trade exchange with other countries due to the spread of Corona disease.[/rtl]



[rtl]He referred to "the development taking place in the agricultural sector," stressing that "the current government plays a role in finding possible solutions to cross and avoid the current crisis in light of the fight against the Corona virus pandemic and the financial crisis."[/rtl]



[rtl]For his part, Jihad explained, "The Fund's readiness to provide assistance and cooperation with Iraq in order to develop a financial plan and arrange priorities for public spending, and expressed the possibility of Iraq benefiting from the financial facilities provided by the Fund to member countries."[/rtl]



[rtl]The delegation of the Fund stressed that "it is important to continue dealing and communicating with international financial organizations as the" Fund "is ready to discuss with various countries to help Iraq in the health and financial fields."[/rtl]





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