Monday, 24 August 2020 3:51 PM
Baghdad / National News Center – A member of the Parliamentary Finance Committee, Jamal Cougar, announced today, Monday, two conditions for the International Monetary Fund to support Iraq with important loans and projects.
“The meeting that the Prime Minister, Mustafa Al-Kazemi, conducted during his visit to Washington with the Director General of the International Monetary Fund, Kristalina Georgieva, is very important to the Iraqi state,” Cougar said in a press interview, followed by the National News Center.
He added, “The meeting held between Al-Kazemi and the International Monetary Fund is very important, in general, because when there is direct interaction from such institutions and the World Bank, it means that the situation is stable, which prompts these institutions to encourage countries that have relations with them to support Iraq with projects or loans. Or investments or charitable projects such as donations.
Cougar explained, “We hope that Al-Kazemi has been able to persuade these institutions to support Iraq and obtain infrastructure projects from them,” noting that “the International Monetary Fund announced a while ago that it was ready to support Iraq with an amount of about $ 2.2 billion.”
Cougar continued, “But so far, the amount of money from the International Monetary Fund to support Iraq has not been determined.”
And a member of the Finance Committee stated that “there are two conditions for the International Monetary Fund to support Iraq, namely:
The first is for that money to go to infrastructure projects, not to salaries and the operational budget, and the second is for the atmosphere to be appropriate for the establishment of those projects, meaning providing an appropriate security and investment environment.