The Monetary International monetary fund provides recommendations for Iraq on the restructiong of state owned companies

by **Ponee** Mon Mar 16, 2015 11:49 am

[Baghdad-where]
Representatives of the International Monetary Fund, during a meeting of the periodic consultations with the Iraqi side in Amman, recommendations on the restructuring of state-owned enterprises, the reform of the energy sector.

According to a statement of the Ministry, on Sunday, in a statement received by all of Iraq [where], a copy of the "Zebari participated in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year between the two sides of the circulation and exchange of views on the state of the Iraqi economy and fiscal policies in the country. "

He added that he "participated in the consultations this session Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank and the Office of Financial Supervision and representatives of other ministries."
The statement said that "representatives of the International Monetary Fund have expressed their satisfaction with the approval of the budget in 2015, and its compatibility with the reality in Iraq, and stressed the importance of reducing and rationalizing unnecessary expenses and prepare to correct the fiscal situation in the future."

He continued, "As representatives of the Fund said work on the reduction of funding from the banking system and the Central Bank of Iraq, and work to increase the Internal Revenue property taxes and general sales tax, and corporate income tax and improve the performance of the tax and customs."

The statement noted that "the representatives made a number of recommendations to the Iraqi side to reform the subsidy system, and repair service for the modern system and repair of power sector reform and restructuring of state-owned enterprises as well as the reform of the social protection system."

However, that "the meeting concluded with a number of conclusions, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of the crisis and to prepare a plan of public finance and maintain the independence of the Central Bank."

He said, "Despite the importance of these recommendations remain advisory and non-binding but are useful to reform the conditions of our economy," explaining that "these consultations, the annual spring meetings of Ministers of the countries of the world leading up to with the International Monetary Fund and the World Bank to be held in late April 2015," .anthy

http://www.alliraqnews.com/2014-06-14-07-34-14/171703-2015-03-15-11-19-05.html