13:29 GMT28 January 2020
Listen Live
    Get short URL
    0 34

    The International Monetary Fund (IMF) has started discussions with the Iraqi authorities on the first review under a three-year $5.34 billion Stand-By Arrangement (SBA) with the country, the Fund said in a statement.

    WASHINGTON (Sputnik) — The Fund said discussions of the Iraqi economic policies will continue during IMF-World Bank Annual Meetings, which will take place in Washington, DC, on October 7-9.

    "The Iraqi authorities and IMF staff started discussions on the first review of the SBA," the IMF announced on Monday.

    The IMF staff has already had talks with the Iraqi Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank of Iraq Ali Allaq and the Financial Adviser to the Iraqi Prime Minister Mudher Saleh, according to the statement.

    The IMF SBA program allocates financial aid to a member state in need of urgent monetary assistance, usually due to a fiscal crisis.

    Iraq’s Stand-By Arrangement-supported economic reform program will seek to balance payments and bring spending in line with lower global oil prices, according to the IMF.


    US-Led Coalition Conducts 16 Airstrikes Against Daesh in Syria, Iraq
    Hundreds More US Troops Deploy to Iraq on Eve of Anticipated Mosul Offensive
    Germany Led by Merkel Would Have Participated in Iraq War - 9/11 Books Author
    assistance, International Monetary Fund, Iraq
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik