View Full Version : IMF threatens Iraq

12-11-2011, 08:47 AM
International Monetary Fund threatens to raise support for Iraq
SUNDAY, 11 JANUARY 1 / DECEMBER 2011 11:17 HITS: 357

Twilight News / revealed the Finance Committee in the House, Sunday, from the threat of the International Monetary Fund raised its support for Iraq in the next year in the absence of the latter on his own terms and be seen, particularly the reduction of the operating budget.

A member of the Finance Committee Najiba Bamarni in an interview with " Twilight News "that" the International Monetary Fund warned the government of the height of the operating budget year after another, and threatened to raise support for the budget if it does not reduce the operating budget next year, and lack of commitment to his comments and instructions. "

She Bamarni that "the Fund called on the government to develop the various sectors of agricultural, industrial and religious tourism to provide income other than oil and create a balance in the economy," noting that "he urged the Iraqi government to raise Iraq's oil exports so as to ensure the budget balanced investment with the need for the country."

She Bamarni "The Iraqi government put an item in the budget, the reconstruction of infrastructure, payment term, this will provide budgetary support to investment and promote industrial and agricultural sectors."

Bamarni explained that "the Council of Ministers approved the current budget for the year 2012 after long discussions with the IMF resulted in many modifications where the most important of which there has been a reduction of it."

The Iraqi government has approved the Federal Budgeting for the year 2012, last week, which amounted to $ 100 billion, an increase of 22 percent from the previous year.

The government has allocated the largest proportion of its budget for the energy sector, accounting for 17.48 percent of the group going forward, followed by security and defense by 14.6 percent, and social services 13.28 percent.

And appreciate the budget deficit of 15 trillion dinars, about $ 13 billion, will be covered by cash retained from the 2011 budget and the Development Fund for Iraq and domestic borrowing and other sources, such as the IMF and World Bank.

The head of the Finance Committee had said Haider al-Abadi, last week, during a press conference in the parliament building on the 2012 budget will reach the House of Representatives next week after the Ministry of Finance to reduce the deficit, and adopt pricing of $ 85 per barrel of oil.


12-11-2011, 08:55 AM
Pinckie this is so good. And it is becoming pretty apparent that between USAID UN IMF etc that they all are saying and now structuring their programs to include and monitor the funds intended for private sector growth. This is just another good example of enhancing good governance and transparent investment management. TY Pinckie

12-11-2011, 11:00 AM
Which article trumps?

Dabbagh said: will give the Federal Minister of Finance the power to continue borrowing from the IMF


12-11-2011, 03:08 PM
pinickie you rock!!