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Central: loans obtained by Iraq from the IMF and the World Bank has the right

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therealbubbie

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The governor of the Iraqi Central Bank on the Keywords, the loans obtained by Iraq from the IMF and the World Bank has the right, indicating that the conditions demanded by the IMF is representing the government's reforms sought by.
Keywords and said that "Iraq is the World Bank Group and the Fund member Monetary and pay a large annual contributions which thus has the right to get the facilities and loans from these agencies, "pointing out that" the loans are low cost and interest negligible as it is long-term.
"He added Keywords that" the function of these two groups is to finance countries that are exposed to problems and crises when exposed to certain circumstances, "noting that" the conditions laid down by the be understanding with the Iraqi government and its acceptance are entitled to a final that rejected if conflicted with its policy.
"He Keywords that" the conditions demanded by the IMF is representing the government's reforms sought by representing other countries experiences and thus from the benefit of the Iraqi government to press its expenses and maximize revenue and a way that does not affect the pensions, "pointing out that" the IMF at its last meeting with the Iraqi government put a condition that does not affect the salaries and other matters of social protection network and fulfill government obligations with contractors to walk projects.
"Iraq is seeking recently to borrow from the International Monetary Fund in order to bridge the shortfall in the budget for the current year, which amounts to 25 trillion dinars, after the fall in oil prices to low levels amounted to less than $ 30 per barrel.




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