April 21st, 2015
Baghdad's new morning:
The Cabinet decided, on Tuesday, the formation of a committee headed by Prime Minister Haider al-Abadi would develop strategies and mechanisms for investment.
A statement by the Information Office of the Prime Minister, that «the Council of Ministers decided to form a committee of cell crisis and add to it all of the Investment Authority and the Central Bank and professional experts and the Ministry of electricity, headed by the Prime Minister holds the development of strategies and mechanisms for investment and referred to in Article 16 of the general budget of the Federal Republic of Iraq for fiscal year 2015 ».
The statement added that «the Council agreed to postpone the payment of the loan amount to the Ministry of Electricity under the Council of Ministers Resolution No. (314) for the year 2014 to 2016 and an interest rate of (2%) ».
He explained that «the delay was due to the limited financial allocations to the ministry for 2015 and the obligations and the fact that the duty of repayment of the loan with interest on 07.01.2015, which represents an additional burden on the budget and its inability to complete its obligations ».
On the other hand, announced the Ministry of Finance, yesterday, it had agreed with the International Monetary Fund to provide emergency financial assistance to Iraq, indicating that the goal is to reduce public expenditure.
The ministry said in a statement, said that «Iraq agreed with the International Monetary Fund during the technical discussions and detailed that made Monday to crystallize Help Fund for Iraq under the current financial crisis, to provide emergency financial assistance ».
The ministry added that «the agreement comes within the government and Ministry of Finance plans to reduce public expenditures», indicating that «the Iraqi delegation held Later discussions with the Legal Department and the Department of Accounting at the IMF officials to stand on the use of the government and the Ministry of Finance for funds SDR allocations in the budget of 2015 ».
The finance ministry announced, in the first of Monday, said its minister held technical meetings with the Multilateral Investment Guarantee institutions MIGA of the Fund IMF, while the student visit to support Iraq institution's staff.
He was the Minister of Finance to hold meetings of art with the Multilateral Investment Guarantee institutions parties MIGA affiliated to the International Monetary Fund, as a student visit to support Iraq staff of the institution.
Zebari said in a statement issued on the sidelines of a meeting with the Executive President and Vice President Kil Ko Honda and FAO experts, said that «confirmed the meeting, the importance of the institution of the guarantees for future projects in Iraq and lower prices imposed on investment projects in Iraq to help it develop and encourage the private sector».
Zebari said that «the delegation held a later meeting with the Executive Director and Vice President for Finance Corporation IFC International, which provides support for private investors to complete their projects in the country ».
The student Zebari b »visit a number of staff of the institution in Iraq and support Iraq to organize religious tourism operation in the field of infrastructure and facilities, religious Visits».
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