The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Iraqi arena


In the economy of October 22, 2017 


BAGHDAD / The governor of the Central Bank of Iraq on Sunday, the International Monetary Fund to intervene in resolving the issue of boycotting some of the global banks Correspondent with Iraqi banks, stressing Iraq’s commitment to implement its program with the IMF.

“The central bank appreciates the work of the IMF team and the flexibility in the policy of advising, as it is important to reach this degree of flexibility and understanding of the exceptional Iraqi situation where it stands out,” al-Alak said in a speech at a meeting with the IMF’s director general and central bankers in Washington. The importance of this matter when it comes to balancing the financial situation with social considerations. ”

“Iraq is appreciating if the Middle East section of the International Monetary Fund can provide best practices and facilities and dialogue with shareholders to address this issue as soon as possible,” he said.

“Despite the difficult circumstances, the Iraqi government is committed to implementing its program with the International Monetary Fund,” he said. “I expect that the agreement will be reached on the third review under the program.” He added that “Iraq, like other countries in the region, has a large number of refugees and displaced persons, And it is useful that the Middle East division of the International Monetary Fund provides assistance in assessing the economic impact associated with it. It is also important that this assessment be made clear in the staff reports so as to give the international community an opportunity to provide assistance. ”

“Iraq thanked the government and people of the Kuwaiti government for their valuable support to Iraq, including hosting the Iraq reconstruction conference in the coming months and thanked the IMF for its technical support to the conference,

http://sngiq.net/wordpress/?p=94814

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2 thoughts on “The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Iraqi arena

  1. Sounds like Iraq is asking for another hand out. It’s time to step up to the plate and quit waiting for others to do your work. Get at it Iraq ! The did-placed will return FASTER if they know the dinar has MORE buying power. RV and RV NOW !

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