22/03/2011Central Iraq: international loans to Iraq, its economy indicates the confidence
Baghdad, The Central Bank of Iraq adviser said Tuesday, that the granting of loans to Iraq by international institutions known evidence on the evolution of the Iraqi economy during the past eight years, as well as a signal to enhance the confidence the country's economy.
He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) "The CBI believes in Iraq's continued access to loans, financial development is important and positive in the right direction because it promotes economic confidence between him and the well-known international financial institutions."
And the International Monetary Fund approved a loan of a new Iraq swallow the $250 million for projects of economic development in government projects.
Saleh added that "loans of international financial return several benefits to the country's most important because they contribute significantly to economic development through the establishment of power projects, roads and housing."
He pointed out that "the international financial loans granted to Iraq shows that the Iraqi economy and is promising and is heading the right way and thus the confidence of economic and monetary grow day after day with the economically advanced countries."
The Central Bank of Iraq earlier that Iraq follow the high-level political economic repayment of the debt as they have not faced legal problems.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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