The Finance Minister chairs an expanded meeting to discuss mechanisms to improve the economic and financial situation in Iraq
Deputy Prime Minister and Minister of Finance [url=https://www.thebaghdadpost.com/ar/Story/t/7428/%D9%81%D8%A4%D8%A7%D8%AF %D8%AD%D8%B3%D9%8A%D9%86]Fuad Hussein[/url] chaired an expanded meeting in the presence of the Central Bank Governor Ali Mohsen Al-Alaq, Undersecretary of the Ministry of Finance and general managers of Rafidain and Rashid and Iraqi banks for trade and customs and tax authorities to discuss the economic and financial situation in order to secure the needs of the government.
Hussein reviewed, according to his office’s statement, the recent OPEC agreement and decision Reducing the shares of the world oil market and reducing approximately one million barrels per day from the share of [You must be registered and logged in to see this link.] and the repercussions of that decision, especially with the collapse of the 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 meeting also touched on options for entering the IMF program and requesting external loans as one of the options that the current government could make to cross the stage.
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