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21/11/2010
Government adviser: International Monetary Fund is not convinced Iraq's monetary policy
Baghdad, An adviser in the Iraqi government ended their mandates, to Sunday, the IMF asked the Ministry of Finance and the Central Bank to change monetary policy in the country, indicating he was not convinced so far monetary policy as Iraq.
A member of the advisers in the Iraqi Council of Ministers Abdul Hussein Al Jabri told the Kurdish news agency (Rn) that "the IMF mission, which now is extensive discussions with the Iraqi delegation, which includes the Iraqi Central Bank and the Ministry of Finance is convinced of the policy as the country's monetary and requested extensive changes at the level of the monetary system. "
Jabri explained that "Iraq is currently being serious talks with the IMF to lend a sum of money to support the budget in 2011 did not read yet in the prime minister for technical reasons."
The problem that delayed the discussion of the Council of Ministers of the Iraqi budget next year is the disagreement between the ministries of oil and finance to calculate the price of a barrel of oil within the budget, which ended yesterday by mutual agreement of the calculation of constant price $ 73 per barrel in the general budget of the country.
Jabri explained that "the IMF renewed its call to make changes and wide at the level of disbursement of funds, and the reduction of inflation, and a plan to encourage the private sector, and address the sagging career in government circles."
And demanded that the Iraqi Finance Ministry earlier in the Ministry of Industry and Minerals to work to transform its subsidiaries to the companies self-financing in order to cover the expenses of its employees, as revealed the Ministry of Planning and Development Cooperation of Iraq earlier in the presence of slouch and significant functional in government departments.
Al Jabri said that "Iraq pledged to the International Monetary Fund to address critical problems," noting that "discussions are still ongoing between the two sides to get out the results of the task."
Government adviser: International Monetary Fund is not convinced Iraq's monetary policy
Baghdad, An adviser in the Iraqi government ended their mandates, to Sunday, the IMF asked the Ministry of Finance and the Central Bank to change monetary policy in the country, indicating he was not convinced so far monetary policy as Iraq.
A member of the advisers in the Iraqi Council of Ministers Abdul Hussein Al Jabri told the Kurdish news agency (Rn) that "the IMF mission, which now is extensive discussions with the Iraqi delegation, which includes the Iraqi Central Bank and the Ministry of Finance is convinced of the policy as the country's monetary and requested extensive changes at the level of the monetary system. "
Jabri explained that "Iraq is currently being serious talks with the IMF to lend a sum of money to support the budget in 2011 did not read yet in the prime minister for technical reasons."
The problem that delayed the discussion of the Council of Ministers of the Iraqi budget next year is the disagreement between the ministries of oil and finance to calculate the price of a barrel of oil within the budget, which ended yesterday by mutual agreement of the calculation of constant price $ 73 per barrel in the general budget of the country.
Jabri explained that "the IMF renewed its call to make changes and wide at the level of disbursement of funds, and the reduction of inflation, and a plan to encourage the private sector, and address the sagging career in government circles."
And demanded that the Iraqi Finance Ministry earlier in the Ministry of Industry and Minerals to work to transform its subsidiaries to the companies self-financing in order to cover the expenses of its employees, as revealed the Ministry of Planning and Development Cooperation of Iraq earlier in the presence of slouch and significant functional in government departments.
Al Jabri said that "Iraq pledged to the International Monetary Fund to address critical problems," noting that "discussions are still ongoing between the two sides to get out the results of the task."
The Iraqi Finance Ministry announced last month that the finalization of the draft budget for Iraq in 2011, devoted the bulk of them for investment, and to support the government's development strategy that will continue for the next four years.
The initial budget for Iraq in 2011 about 86 billion and $ 400 million, an increase of up to 14 billion dollars in the last budget.
The initial budget for Iraq in 2011 about 86 billion and $ 400 million, an increase of up to 14 billion dollars in the last budget.
