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sfcdiaz
10-09-2010, 05:30 PM
Zubaidi, head of the Arab Group meeting at the IMF

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Citizen / agencies
The Minister of Finance Baqir al-Zubaidi and the delegation accompanying him and the facts of the opening of the annual meeting of the International Monetary Fund and World Bank, which was held in the presence of World Bank President and General Manager of the International Monetary Fund and finance ministers and Governors of States contributing to the international institutions.

A media source in the ministry "The meeting began giving a speech, Minister of Finance, Nigerian chairman of the meeting, who welcomed the audience presenting an overview of the most prominent challenges facing the countries of the world, especially after the global financial crisis at the end of 2008. Pointing" to the main steps that States must cooperate by taking for the non-recurrence of such crisis, stressing "the importance that distributed power audio in a fair manner between the two countries and to ensure a better share of developing countries, especially in the area of recognition and investment.
Then the Director of the IMF was Strauss speech in which he praised to the difficulties faced by the economies of the world and of high rates of debt and high rates of unemployment and the need for financial sector reform, stressing the need for States to address these matters in collective efforts to achieve economic growth and job creation with reform the financial system also pointed out that "without the full cooperation of all States can not achieve these goals.
Then the World Bank President Zoellick's speech in which he reviewed the activities of the World Bank to address the financial crisis and growth in order to maintain food prices and reduce poverty, create employment and achieve sustainable development for all countries and noted the contributions of the institutions of the World Bank such as the International Finance Corporation and the Foundation to ensure investment and credit facilities and loans granted by the World Bank after the speeches were a number of countries participating in the meeting, which stressed the importance for the World Bank and International Monetary Fund towards helping developing countries to achieve rates of sustainable development and poverty reduction.
And Finance Minister Baqir al-Zubaidi, who is currently in Washington, said the Board of Directors of the International Monetary Fund agreed on the outcome of the discussions that took place in the first review of the Convention support the third SPA3 that took place in June 2010 between the experts of the Ministry of Finance and Central Bank of Iraq and the IMF experts in Amman. "He is under this approval have been launched by the Fund's second installment of the loan granted to Iraq and the deep (4.3 billion dollars) has reached the second installment up to (475) million of special drawing rights of the SDR, which is equivalent up to (741) million U.S. dollars. noting that the Fund had previously fired the first batch of the beginning of this year, amounting to up to (453) million U.S. dollars.
In Shan himself announced that the Board of Supreme Audit of Iraq will host on 14-15 of October of the current year, the regular meeting of the International Advisory and Monitoring in the Jordanian capital Amman to discuss issues relating to the Development Fund for Iraq DFI.
A source in the bureau "will attend the meetings the members of the Council, which includes the representative of the Secretary General of the United Nations and the International Monetary Fund and the World Bank and the Arab Fund for Economic and Social Development and the representative of the Government of Iraq and the Office of Financial Supervision and the Committee of Financial Experts back to the Council of the International Advisory and Monitoring Board.
The source will be hosting the U.S. Office of the Inspector General and U.S. authorities related to the disposition of Iraqi money.
It is worth mentioning that the Committee of Financial Experts Iraqis IAMB was formed under the chairmanship of the President of the Board of Supreme Audit, Dr. Abdul Basit Turki Saeed in the first of April 2007 to audit the Development Fund for Iraq with the support of the Council of the International Advisory and Monitoring Board, and then replace the Council by UN Security Council Resolution 1905 in 2009
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