Saleh: The new round of talks to lend Iraq more than five billion dollars


 

 


5/10/2016 0:00

BAGHDAD / Alaa al – Taie
revealed financial advisor to the Prime Minister Haider al – Abadi, the launch of a new round of for the implementation of the standby credit agreement in Washington talks next week, under which Iraq will receive five billion and $ 300 million as a soft loan to support the budget, during the period from 2016 to 2019 », adding that« the loan will allow Iraq ‘s international financial umbrella of the dolly and support form of soft loans to bridge the funding gap distracted mostly for reconstruction and economic development. » Dr. appearance of Mohammed Saleh, a member of the Iraqi delegation negotiating the financial adviser to the prime minister in an exclusive interview with «morning» that «there are 13 round of talks , or what is known as» Review »pertaining to implementation of the standby credit between Iraq and the International Monetary Fund agreement is scheduled to be launched in Washington the end of next week to complete the first round , which was held in Amman in early September, which will be completed during the annual conference of a group of international spending , the international Monetary Fund ». Saleh explained, that « the talks will focus on the special standby credit arrangements with a loan five billion and $ 300 million, to support the budget, what has been implemented of the economic reforms of public finance and governance, and all ready credit program», pointing out that those commitments are part of the agreement between Iraq and the Fund IMF, likely at the same time, received the second and third installments of the loan fund Albalgtin about two billion dollars year -end 2016 or early 2017. He said the financial advisor of government: that « the first stage consultation with the Fund , which took place in Amman early September addressed the implementation of the standby credit arrangements under which Iraq will receive five billion and $ 300 million agreement, as a soft loan to support the budget, during the period from 2016 to 2019» , pointing out that « The loan will allow Iraq ‘s international financial umbrella of the dolly and support form of soft loans to bridge the funding gap of at least $ 15 billion spent mostly for reconstruction and economic development.» He said «that after the end of each round of talks conducted by Iraq with the International Monetary Fund called part of the amount of the Fund ‘s loan of $ 5 billion and $ 300 million was launched the first batch after the Executive Council ‘s approval of the agreement between Iraq and the Fund in the July 7, amounting to $ 634 million, saying« it if the first round of the upcoming talks in Washington , the results of which will be presented to the Executive Board in November 7 and be ratified will be the launch of a similar second batch of the loan amounting to $ 634 million for Iraq is complete «.
Saleh continued that« consultations with the IMF will also review findings the joint agreement and the requirements of the success of economic reforms, and paced made by Iraq in the field of public finance and the general financial activity in the country ‘s governance, especially the countless number of employees and retirees ghost who receive government income violation of the law, the statement of the results reached by BSA in this regard ».

http://www.alsabaah.iq/ArticleShow.aspx?ID=124234

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