International Monetary: Iraq are optimistic to exceed the financial crisis


4/27/2017 0:00

Amid large government reforms hailed 
Baghdad / Alaa al – Tai
expressed the International Monetary Fund ( IMF ) is optimistic to go beyond Iraq ‘sfinancial crisis, at a time when the new World Bank support for the country , revealing theallocation of $ 9 million for gas investment in it.
The Iraqi delegation concluded talks with the IMF and the World Bank within what isknown as »Spring Meetings» which lasted for days in the US capital Washington.
A statement by the Ministry of Finance, followed the «morning», that « the delegation agreed with the representative of the International Monetary Fund for the Middle East and East Asia Christian nut, at the end of the talks , chaired by the Iraqi side, Minister ofFinance Agency Abdul Razzaq al- Issa and in the presence of Prime Minister forFinancial Affairs Advisor to the appearance of Mohammed Saleh and a number of financial and electricity, with the participation of the Iraqi ambassador in Washington ,Farid Mustafa and officials of the ministries, the completion of meetings and joint coordination to contain the difficulties of the financial crisis. »
He nut, according to the statement «optimism about the level of understanding achieved and progress with the Iraqi government», stressing that « the joint coordination and consultations will be completed in the near term will contribute to addressing the financial problems posed by the circumstances of war and its attendant economic implications that steps».
President of the International Monetary Fund Christine Lagarde also stressed theimportance of government reforms, expressing optimism the exit of Iraq from the financial crisis during the next term.
In turn, Saleh said in an exclusive interview with »Sabah», that «at the level of readiness credit program with the IMF , there are two issues, the first: the ability to continue and develop the energy sector in a complex market conditions and suffered severe crises, while the other is prudent financial management that enabled the country overcome thefinancial plight over the oil revenues degradation, as well as large expenditures in thebudget, which contributed to crush terrorism and liberation of man and the earth .. and finally the success of the price system and the stability of the general price level and theability to balance by maintaining the level of security of the international reserves of Iraq. »
This comes at a time when the new World Bank ‘s support for Iraq ‘s economic reforms and development through an integrated financial management system, praising the Iraqi government steps in the field of resource management.
The statement said that « the World Bank representatives assured the Iraqi delegation that« economic reforms represent the need for prime access to an integrated system for the management of the financial operation of the state at the federal and local level », pointing out that« the meeting made it clear that a significant percentage achieved by theIraqi institutions in this field .. What gives an area appropriate to the World Bank to support the budget and reconstruction projects within the time limits required to achieve its objectives. »
According to the statement , the World Bank has been welcomed by »steps the Iraqi government in the field of resource management and the development of visions ofreform in coordination with international organizations and financial institutions.»
Alissa was announced earlier that the World Bank expressed its readiness to allocate nine million dollars to support the associated gas investment in Iraq.
He said in a statement issued on the sidelines of the meetings that « the Iraqi government will intensify the work of the joint committee between the ministries of finance, electricity and oil to activate the associated gas investment and benefit from it in theoperation of electric power projects.» Iraq resolves in the eleventh place among thenations of the world ‘s rich natural gas reserves of proven about 112 trillion
cubic feet.
In turn, the price of the Iraqi delegation Bank and the position of the Fund forinternational support of the country, and stressed orientation of the Iraqi government and its willingness to deal with remnants of war and the development of scientific programs for the next stage start of reconstruction does not end with education systems and job creation and the development of technical skills}.
The World Bank promised to continue to support funding for programs to promote the various infrastructure and reconstruction.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s