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On Thursday, Deputy Prime Minister and Minister of Finance Fouad Hussein 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.
A press statement issued by the media office of the Deputy Prime Minister and Minister of Finance stated, "The meeting was attended by the Iraqi side, Salah Al-Din Al-Hadithi, Director General of the Public Debt Department at the Ministry of Finance and Salem Chalabi, Adviser to the Prime Minister."
He added, “At the beginning of the meeting, Fouad Hussein clarified the most prominent challenges that Iraq faces in light of the crisis of the spread of 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 per day To the global markets. Iraq’s acceptance to reduce more than one million barrels per day of Iraqi production, and the effect of this decision and the decline in oil prices on the financial and economic situation in Iraq. ”
On the other hand, the Deputy Prime Minister explained the studied measures on how to deal with this situation and the government's ways to face these challenges.
On the market situation and the availability of foodstuffs, Fouad 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, This is considered positive in light of the current circumstances and the lack of local market prices due to the closure of border outlets and the interruption of trade exchange with other countries due to the spread of Corona disease.
He also referred to "the development in the agricultural sector, stressing also that the current government plays a role in finding possible solutions to cross and avoid the current crisis in light of combating the Corona virus pandemic and the financial crisis."
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