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Bahaa al-Araji: World Bank called the Iraqi government to stop intervene in the work of the central bank

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Bahaa al-Araji: World Bank called the Iraqi government to stop intervene in the work of the central bank




03/25/2014






25/03/2014 11:01:00

BAGHDAD / NINA / MP, Bahaa al-Araji warned from the deterioration of the economic and financial situation in Iraq because of the failure of taking professional policies and overlapping powers as well as interference in the work of the central bank by the Iraqi government .

He said in a press statement: "The World Bank called on the Iraqi government, during a meeting in Amman attended by representatives from Iraq, to reform those policies and stop government interference in the work of the Central Bank, specially borrowing money from the Bank, otherwise, Iraq will be put on the blacklist."

He added: "These policies will take us to the period of the sanctions imposed on the former regime, which led to the deterioration of the value of the Iraqi dinar and its negative effects on the Iraqi situation."

Araji called the Iraqi government to stop such interventions, and develop an economic and fiscal policy to avoid Iraq from these crises.

http://www.ninanews.com/english/News_Details.asp?ar95_VQ=HDHFEF

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