The Ministry of Finance agrees with the International Monetary Fund to monitor the Fund's financial experts and economic policies in the country program

by **Ponee** Thu Nov 12, 2015 9:20 am

A statement by the Ministry of Finance today that the talks Iraqi and consultations with the IMF in Amman resulted in the parties to reach agreement on Monitoring Staff financial and economic policy program in the country for the remainder of fiscal year 2015 and for the year coming 2016.

The statement said, "The program aims to assist Iraq in reforms in the foreign exchange policy, public financial management and banking supervision, where it was agreed a memorandum of technical understanding to implement the program in timelines quarterly and the letter of intent, and the aim of the actions that have been agreed Ay standards to maintain the stability of the financial sector. "took place during the past ten days technical talks between the Fund and of the Middle East Department representatives, Central Asia and experts of financial and oil and Planning Ministries and the Central Bank of Iraq. participated in the The final talks Finance Minister Hoshyar Zebari on the Keywords Governor of the Central Bank and the appearance of Mohammed Saleh Prime Minister for Financial Affairs adviser, also participated in the consultations, representatives of the World Bank and the US government and the Japanese Agency for International Development (JICA).

It Aeshetml IMF staff monitoring program SMP to provide any funds or loans financial to Iraq, but it is an important link in the strengthening of Iraq's international status in the global financial markets and improve the status and classification of credit the country and opens the way for Iraq to obtain financial loans from international financial Almaossat countries and banks and Aahdv program to exposure to the obligations of the Malian government about the staff and the salaries of retirees and social obligations of the network social protection and displaced persons "./ ended 9