Because of the financial crisis ... Iraq agrees to IMF austerity measures

by **Rocky** Mon 13 Jun 2016, 6:03 am

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Because of the financial crisis ... Iraq agrees to IMF austerity measures

by Rocky Mon 13 Jun 2016, 6:03 am

[rtl]Because of the financial crisis ... Iraq agrees to IMF austerity measures[/rtl]

[rtl]BAGHDAD Ibrahim Kikhany[/rtl]

[rtl]Financial advisor to the Prime Minister, the appearance of Mohammed Saleh, Monday, that the agreement reached between Iraq and the International Monetary Fund announced goes according to planned.[/rtl]

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[rtl]Saleh said in a statement followed the "Sky Press," "The agreement reached last month between Iraq and the International Monetary Fund is proceeding according to the planned", adding that "Iraq agreed to request the International Monetary Fund to provide loans that will help his country on procedures overcome a liquidity crisis caused by the decline in oil revenues. "[/rtl]

[rtl]And that "one of the procedures that have been approved the payment of all arrears owed to foreign oil companies operating in Iraq by the end of the year.[/rtl]

[rtl]It is said that Iraq's second-largest oil producer in OPEC and has service contracts with companies including BP, Shell, ENI, ExxonMobil, Lukoil to increase production at the aging fields.[/rtl]

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