Iraq received an international loan and the IMF advises him to a financial understanding with Kurdistan
Iraq is facing a financial crisis and is in urgent need of money - a picture of the International Monetary Fund
Keywords: Iraq 's budget for the International Monetary Fund
K24 - Erbil
The International Monetary Fund said it delivered to Iraq amounted to $ 617.8 million as a down payment from a loan with a total value of $ 5.34 billion.
And Iraq, which relies on oil to finance Nfqath- need financial loans after declining global oil prices offset a budget deficit and an increase in spending because of the war on Daesh.
The IMF said on its website on Tuesday that it had completed the first review of the implementation of the standby credit agreement with the government for three years and decided to hand him over 617.8 million dollars.
The program which is supported by the International Monetary Fund on measures to protect the poor and strengthen the stability of the financial sector and curb corruption in Iraq includes.
The agreement has been ratified by the International Monetary Fund last week was Iraq allows for additional international aid worth $ 15 billion over the next three years to support the economy, which has been affected by the fall in oil prices since mid-2014.
Deputy Director General and Chairman of the Executive Board of the International Monetary Fund said Mitsuhiro Vorosawa The implementation of the budget-sharing agreement will put the Iraqi government and the Kurdistan Regional Government in the best for "counter" shocks facing the Iraqi economy mode.
The estimated budget for Iraq in 2017 revenues by 79.1 trillion dinars (67.5 billion dollars) while expenditure amounted to more than 100.6 trillion dinars (about $ 86.1 billion) with a deficit of 21.6 trillion dinars (about 18.5 billion dollars).
SOURCE
Iraq is facing a financial crisis and is in urgent need of money - a picture of the International Monetary Fund
Keywords: Iraq 's budget for the International Monetary Fund
K24 - Erbil
The International Monetary Fund said it delivered to Iraq amounted to $ 617.8 million as a down payment from a loan with a total value of $ 5.34 billion.
And Iraq, which relies on oil to finance Nfqath- need financial loans after declining global oil prices offset a budget deficit and an increase in spending because of the war on Daesh.
The IMF said on its website on Tuesday that it had completed the first review of the implementation of the standby credit agreement with the government for three years and decided to hand him over 617.8 million dollars.
The program which is supported by the International Monetary Fund on measures to protect the poor and strengthen the stability of the financial sector and curb corruption in Iraq includes.
The agreement has been ratified by the International Monetary Fund last week was Iraq allows for additional international aid worth $ 15 billion over the next three years to support the economy, which has been affected by the fall in oil prices since mid-2014.
Deputy Director General and Chairman of the Executive Board of the International Monetary Fund said Mitsuhiro Vorosawa The implementation of the budget-sharing agreement will put the Iraqi government and the Kurdistan Regional Government in the best for "counter" shocks facing the Iraqi economy mode.
The estimated budget for Iraq in 2017 revenues by 79.1 trillion dinars (67.5 billion dollars) while expenditure amounted to more than 100.6 trillion dinars (about $ 86.1 billion) with a deficit of 21.6 trillion dinars (about 18.5 billion dollars).
SOURCE