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guardian
01-20-2010, 08:01 PM
Iraq does not need IMF for now

Wednesday, January 20th 2010 9:20 AM

Sulaimaniyah, Jan.20 (AKnews) – Iraq is not necessarily to borrow money from International Monetary Fund but if the state budget will dramatically step down, we will borrow financial backups from the IMF," financial procurator of the Iraqi finance ministry said, on Wednesday.

"There are some rumors that the central government of Iraqi will borrow money from the international funds but it might be the bogus news just to receive money easily," financial procurator, Fazel Nabi told the Independent National News Agency of Kurdistan (AKnews).

He further noted" Iraq is still driving in the dramatic financial rescission process, but it is not meaning that the state can not battle against budget decreasing due to the rate one barrel of oil is determined by $60 ,but the price is increasing to $ 80 per barrel right now , thus we can control the obstacles very easily.

"We will ask to the international funds to support us, if we can not control the financial recessions at that time."

"The state general budget does not need international funds to solve its financial problem but it can require funds and backups in necessity moment at any time,"

The Iraqi budget is estimated to more than 84 trillion and 600 milliard ID for the year 2010.

http://www.aknews.com/en/aknews/2/105374

Slik
01-20-2010, 08:22 PM
Thanks Guardian,

That clears a few things up!! Does this change or effect the status quo