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Economy/Baghdad
The Government announced the development of a comprehensive economic framework to diversify financial resources rapidly due to the continued decline in oil prices and their impact on the resources of the State.
According to a statement by the Ministry of finance received ours newsletter copy, it was held in coordination with the Economic Affairs Committee meeting Wednesday evening, under the chairmanship of Finance Minister Hoshyar Zebari and oil Ministers, planning, agriculture, and the Governor of the Central Bank and a number of Committee members in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq. "
The meeting discussed the "ways to address the economic and financial crisis through the implementation of urgent measures conducive to maximizing the resources of the State to overcome the financial crisis plaguing the 2016 budget."
The statement referred to "crystallize specific ideas to be implemented within the framework of comprehensive economic deals with real-time executable action quickly as well as the formulation of economic and financial policies on the short and medium term lead to diversify resources and ultimately lessen dependence on oil as a key resource for the Iraqi economy, emphasizing the importance of compatibility with existing mechanisms for cooperation between Iraq and the International Monetary Fund.
[You must be registered and logged in to see this link.]
Economy/Baghdad
The Government announced the development of a comprehensive economic framework to diversify financial resources rapidly due to the continued decline in oil prices and their impact on the resources of the State.
According to a statement by the Ministry of finance received ours newsletter copy, it was held in coordination with the Economic Affairs Committee meeting Wednesday evening, under the chairmanship of Finance Minister Hoshyar Zebari and oil Ministers, planning, agriculture, and the Governor of the Central Bank and a number of Committee members in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq. "
The meeting discussed the "ways to address the economic and financial crisis through the implementation of urgent measures conducive to maximizing the resources of the State to overcome the financial crisis plaguing the 2016 budget."
The statement referred to "crystallize specific ideas to be implemented within the framework of comprehensive economic deals with real-time executable action quickly as well as the formulation of economic and financial policies on the short and medium term lead to diversify resources and ultimately lessen dependence on oil as a key resource for the Iraqi economy, emphasizing the importance of compatibility with existing mechanisms for cooperation between Iraq and the International Monetary Fund.
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