2010-07-01Baqir al-Zubaidi: economic successes in Iraq, the fruit of the efforts of the Ministry of Finance
BAGHDAD (Iba) .. Finance Minister Baqir al-Zubaidi said that the economic successes achieved in Iraq came Tmrpjhod large and continuing to the Ministry of Finance in formulating and implementing fiscal policy that have achieved significant growth in the Iraqi economy.
Al-Zubaidi and reviewed during Astkabbah to the American delegation led by Assistant U.S. Treasury Secretary Charles Colin economic relations between Iraq and the United States of America.
He noted that Iraq had made significant progress in the relationship with the International Monetary Fund and the Convention chock SBA were delivered (400) million dollars of the loan, (3,8) billion dollars over two years and the discussions with the Fund for the period from 1317 / July For the second installment of the loan and the amount of ((475 million dollars.
He referred to the cooperation with the World Bank through a program of economic reforms the Iraqi who arranged the standards related to the first review of the arrangements for retaining the International Monetary Fund, which will help pave the way for a study loan, the second development policy amount (250) million dollars of the amount of up to (500) million be submitted by the World Bank for Iraq.
They also discussed support for the private banking sector to grow to ensure equal access to all the work and letters of credit with the government as the Ministry of Finance has achieved a growth in support of the private banking sector, where many credit the one that opens in private banks to four million dollars, that's a great achievement in support of private banks.
Also discussed the issue of advancement of the State banks by re-structuring and the introduction of mechanization in the modern work, especially the banking system overall to reach the ranks of international banks.
Reviewed Zubaidi strategy budget for the year (2011 / 2012 / 2013), which demarcates the first time in Iraq to develop strategy and clear for the phased reduction of the deficit in the budget of Iraq Federal these years and limiting the benefits of highest production of oil to keep the security gains and economic gains made in Iraq.
He called for the importance of opening a branch of the World Bank in Iraq in order to promote confidence and the relationship between the World Bank, Iraq and create a predictable environment to support investment and entry of firms into Iraq.
For his part, Assistant U.S. Treasury Secretary said that the United States Government is committed to effective support for Iraq to continue the economic Damamsaialislah in the areas of financial management and the financial market to promote economic growth and prosperity.
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Al-Zubaidi confirms the need for a branch of the World Bank in Iraq ...
