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IMF: implementation of our program allowed Iraq to help him financially
Baghdad / Hamid- Zahra Ibrahim Ibrahim
IMF: implementation of our program allowed Iraq to help him financially
Baghdad / Hamid- Zahra Ibrahim Ibrahim
Confirmed the IMF Mission for Iraq, on Tuesday, a disparity of Iraqi oil exports estimated quantities in the past 2015 budget, with realized actually it, stating that it "will not affect" on Iraq for the upcoming international finance, while noting an economist to theneed develop long - range plans match the resources of the state and the real expenses.the head of the mission, Christian nut, inresponse to a question (range Press), about the disparity in the amount of Iraqi oil exports between theestimated them in the federal budget actually realized, " the Fund noted that gave advice Iraqi Government about it has taken him. " he added coconut, that" the Iraqi budget for the year past 2015, oil exports three million and 300 thousand barrels per day estimated, the export price of $ 56 a barrel, while realized in that year was three million barrels per day at an average $ 48 a barrel , "noting that" the fund advised Iraqi authorities to reduce expenditures in light of the decline in imports compared to what is estimated in thebudget , where the latter committed to it. " and on the extent of the impact on forthcoming from the Fund for Iraq funding, the chief of the IMF mission to Iraq, that "that affects the funding." the coconut, that " theFund agreed with the Iraqi authorities on financing the program and mechanisms of control in November 2015 the past, to help deal with the drop in oil prices," returned to " the successful implementation of the program paves the way for the possibility of Iraq for funding needs. " for his part, economist Mohammed Abdul Latif Al - Ani in an interview for the " long ", said that" 2015 saw the first steps austerity compulsory as a result of theworsening crisis , oil prices gradually , which prompted the government to scale back some of their expenses is not necessary. " he added that" perceptions international financial institutions towards the Iraqi economy does not match with the reality of its financial resources estimated by unfortunately , the parliament is not consistent with the financial crisis taking place in the country since the end of 2014. " said al - Ani said" thecompetent parliamentary committees put planning the budget only on paper, in the sense that it does not reflect reality the real numbers are the financial revenues from the sale of oil , which offset the full expenses of the state, so note the presence of a large defect in the budgets of the country over the past years. " and that" Iraq lacks economic plans for the long - term, prove which rates the total funds entering the country from various resources, as well as determine the overhead of government institutions specifically to address the financial waste operations that have become a daily culture. " He said al - Ani said" IMF tips is bound for Iraq, but they represent a pillar of interconnected trust between global economies and the local economy to provide financial assistance to the construction process in light of the crises facing the Iraq in the future. " It is noteworthy that the appearance of Mohammed Saleh, economic Adviser to the Prime Minister, Haider al -Abadi, said in ( the first of this April 2016), the seriousness of the international community to help Iraq and enable it to meet the " financial distress "current, while between the Fund IMF plans to secure " a global financial umbrella" for Iraq through its lending nearly $ 16 billion, counting that it supports the "authentication" of Baghdad and a guarantee for the international financial community awarded more concessional aid loans.The international Monetary Fund (IMF) The international Monetary Fund , guessed at, ( the thirtieth of March 2016), the possibility of approval to lend Iraq $ 15 billion over three years, through next June, while between that will provide five billion of them to believe the rest of other financial institutions and donors, he stressed that Iraq would get five billion during the current 2016, and the rest at the end of the agreement period. the Finance Minister, Hoshyar Zebari, has signed on 30 March 2016, to receive Iraq financial aid from donors andfinancial organizations of six billion and $ 400 million in the current 2016. the appearance of Mohammed Saleh , he said in an interview to the (long - Presse), in the (26th January 2016), that Iraq has agreed with theinternational Monetary Fund for long - term soft loans for the implementation of development projects, noting that the fund is among other conditions, government spending, and justice some of the procedures relating toeconomic policies, while counting economist that " the most important" of those loans is to know the amounts that will be obtained during the year 2016. Iraq had announced (13th January 2016), for the approval of theinternational Monetary Fund to finance the budget deficit through clouds of hard currency reserves, indicating that this means reducing the reserves of 59 billion dollars last October 2015 end, to 43 billion during thecurrent year.
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