The Deputy Prime Minister chairs an expanded meeting to discuss mechanisms to improve the economic and financial situation in Iraqby [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] , [You must be registered and logged in to see this link.] 3 Hours ago
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Deputy Prime Minister and Minister of Finance Fuad Hussein chaired an expanded meeting in the presence of the Central Bank Governor Ali Mohsen Al-Alaq, the Under Secretary of the Ministry of Finance and general managers of the Rafidain and Rashid and Iraqi banks for trade and customs and tax authorities and the Public Debt Department, to discuss the economic and financial situation in order to secure the needs of the government.
Hussein reviewed, according to a statement of his office, the recent OPEC agreement and the decision to reduce the shares of the global oil market and reduce approximately one million barrels per day from the share of Iraq and the implications of that decision, especially with the collapse of current oil prices and how to overcome these obstacles and cross the current stage.
For his part, the Governor of the Central Bank stressed the need to maintain the continuity of the banking system and balances and the need to analyze data to obtain information about those balances, whether they are self-financing or central.
The banks also reviewed their assets and capabilities in order to contribute to strengthening the current economic and financial reality.
The options for entering the IMF program and asking for external loans were also discussed, as one of the options that the current government could make to cross the stage.
Also discussed was the review of tax exemptions that had been granted previously, with the exception of humanitarian organizations and entities whose goods are dedicated to the government.