IMF ASKS IRAQ TO PROMOTE THE VALUE OF THE IRAQI DINAR ...

IMF ASKS IRAQ TO PROMOTE THE VALUE OF THE IRAQI DINAR ...
***** IMF and Iraq First Review of Stand-by Agreement ~ Grants Waivers and Approves US $741 Million Disbursement ...

*And that "the International Monetary Fund holds a vision for Iraq as completely isolated from the global system, which called him to ask the government to promote the value of the Iraqi dinar Iraq, compared with foreign currency and Arabic." It is hoped to discuss the Iraqi government ended its mandate over the next few days the budget in 2011 Finance Ministry confirmed earlier that it will take care of the implementation of service projects.

02/10/2010

Government adviser: International Monetary Fund calls for Iraq to reform the tax

Baghdad, November 2 (Rn) - A source in the Iraqi government ended its mandate on Saturday, the International Monetary Fund stressed the need for Iraq to hold semi-radical changes in the tax system as a prerequisite for granting loans and to support its projects.

A member of the team negotiating with the Iraqi International Monetary Fund, Fadel Mohammed Al-Sarraj told the Kurdish news agency (Rn) announced today that "the International Monetary Fund request from the Iraqi government formally Dharrop restructuring the tax system in the country in proportion to Iraq's dealings Finance with the International Monetary Fund" .

He pointed out that "the International Monetary Fund has criticized the report handed to the Iraqi negotiating the distribution of the budgets of previous years which focused on the financing of security mechanisms is studied."

He explained that the OS "The team was able to convince the Iraqi negotiator member states in the International Monetary Fund that Iraq would abide by the payment of loans through the sale of crude oil during the coming years."

OS and continued that "the International Monetary Fund yesterday agreed to grant the amount of $ 741 million as part of a loan of $ 3 billion and $ 700 million."

And that "the International Monetary Fund holds a vision for Iraq as completely isolated from the global system, which called him to ask the government to promote the value of the Iraqi dinar Iraq, compared with foreign currency and Arabic."

The value of the Fund disbursements of the loan to Iraq $ 1.2 billion out of 3.7 billion.

It is hoped to discuss the Iraqi government ended its mandate over the next few days the budget in 2011 Finance Ministry confirmed earlier that it will take care of the implementation of service projects.

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