The International Monetary Fund (IMF) has made positive assessments on Vietnam ’s macroeconomic situation as well as the policy management of the State Bank of Vietnam (SBV) over the past time.
A press release, posted after IMF concluded the annual consultation mission to Vietnam in late April, said that Vietnam ’s macro-economy has shown signs of recovery mainly thanks to strong exports. (more…)
Iraq Business Directory – 05/26/2013 – 6:22 pm
Conclude the day the World Economic Forum, which began its activities on Friday in Jordan, which was held entitled “Strengthening environments growth and economic resilience.”
participated in the conference head the Islamic Supreme Council Ammar al-Hakim as well as Palestinian President Mahmoud Abbas, and the Secretary General of the Arab League Nabil al-Arabi, the Secretary General of the International Energy Forum Aldo Flores – Quiroga. (more…)
04-04-2013 12:37 PM
Baghdad (newsletter). Deputy Chairman of the Finance Committee MP/Kurdistan blocs Coalition/Faizullah, the importance of adhering to the recommended by the International Monetary Fund for support and development of the country’s monetary policy. (more…)
Press Release No. 13/87
March 21, 2013
An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion.
Uzmatk _ Suhail: International Monetary Fund (IMF) said on respect for Iraq’s sovereignty to dispose of his money 11/18/2012 2:13
His first deputy chairman of the Council of Representatives, Dr. Qusay al-Suhail IMF representative in Iraq expert Yahia Khairi Said and discussed with him the measures that have been taken at the central bank, where emphasis was placed on technical support for the International Monetary Fund of the Central Bank of Iraq. (more…)
MONDAY, NOVEMBER 29 1 / OKRUDOLF 2012 09:15
Diplomatic source revealed early Monday, a renewed claim the International Monetary Fund for the Iraqi government بالإيفاء promises and the removal of subsidies on the prices of many materials, including petroleum and energy along with the ration card.
Said the source, who asked not to be named for “Twilight News”, that “the International Monetary Fund renewed its call for Iraq to lift subsidies on oil derivatives, energy and ration card.” (more…)
Does not support the work of the Central Bank of the determinants and only national but also international ones. If the central bank is a bank banks nationally, the IMF is its central bank globally.
Iraq was one of the first 45 parties Enterprise Fund (1945) .. After the new foundations of the international monetary system NP agreements “Bretton Woods” .. Has been identified the basic mission of the Fund to assist States to stabilize exchange rates, and insurance soft Alciolat for balance of payments support, and emergency weather the financial crisis, and strengthen their financial, monetary and economic. (more…)
Last updated on October 5, 2011
Current Program Status:
The two-year Stand-By Arrangement (SBA) in the amount of SDR 2.38 billion (about US$3.7 billion) was approved by the IMF’s Executive Board on February 24, 2010.
The Board completed the first program review on October 1, 2010 and the second review on March 18, 2011, bringing the total resources currently available to Iraq under the arrangement to SDR 1069.56 million (about $1.7 billion). (more…)
Program note - Iraq
Last Updated: October 5, 2012
Current Program Status:
Two-year Stand-By Arrangement (SBA) in the amount of SDR 2.38 billion (about US$3.8 billion), approved by the IMF’s Executive Board on February 24, 2010. The IMF’s Executive Board completed the first program review on October 1, 2010, and the second review on March 18, 2011, bringing the total resources currently available to Iraq under the arrangement to SDR 1069.56 million (about $1.7 billion). At the time of the second review, the program duration was extended by five months to July 2012, along with a rephasing of program disbursements based on a shift in financing needs from 2010 into 2011. (more…)
The Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group each year bring together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial system. This year’s Annual Meetings events will take place in Tokyo, October 9-14, 2012.
(VOV) – Prime Minister Nguyen Tan Dung has approved sending a Vietnamese delegation led by bank governor Nguyen Van Binh to the International Monetary Fund (IMF) and the World Bank (WB) Group annual meetings in Tokyo, Japan, from October 8-14. (more…)
13/08/2012 16:10
Erbil, August 13 (Rn) – The Iraqi Prime Minister Nuri al-Maliki, on Monday, the need for Iraq to experience the World Bank and what can be its support for the development of financial and economic institutions.
Maliki stressed that Iraq is a rich country has great wealth and that his efforts are concentrated on the investment of these resources in order to achieve a better return and higher levels of performance and achieve economic prosperity. (more…)
Transcript of a Conference Call on Jordan’s Stand-By Arrangement, Morocco’s Precautionary and Liquidity Line and the IMF’s Engagement in the Middle East and North Africa
Portions related to Iraq are underlined
Washington, D.C.
Friday, August 3, 2012
MR. ANSPACH: Hello, everybody, and thank you for joining this conference call on Jordan, Morocco, and the IMF engagement in the Middle East. With us today is Mr. Masood Ahmed, who’s the director of the IMF’s Middle East and Central Asia Department, as well as Ms. Kristina Kostial, who is the mission chief for Jordan; and Mr. Dominique Guillaume, who’s the mission chief for Morocco. (more…)
Date: 2012-08-05 14: 02: 18 Sunday
Baghdad (News) … According to a member of the Finance Committee of the Iraqi list MP//Hasan Al-Bayati, the IMF decided to extend financial aid program deadline of seven additional months, owing to the adoption of the supplementary budget for Iraq.
He said Al-Bayati (News Agency news) on Sunday: Iraq’s refusal of any supplementary budget to the International Monetary Fund to extend financial assistance to work for seven months, adding that the supplementary budget being faced many objections more operational than investment leading to reject completely.
He noted that International Monetary Fund loans granted as a symbolic reference to the world of international institutions that deal only with countries that have a good financial position or improving, stating, that Iraq is improving financial payment to the international institutions to deal with it with a view to increasing investment projects that serve the citizen directly.
And: the International Monetary Fund rules provide for cooperation with States by granting loans or credit facilities aimed at increasing investment and payment service projects these loans have a payment term
Press Release No. 12/286
August 3, 2012
The Executive Board of the International Monetary Fund (IMF) approved on July 20, 2012—on a lapse-of-time basis1—a seven-month extension of Iraq’s Stand-By Arrangement (SBA), to February 23, 2013.
The SBA had been scheduled to expire on July 23, 2012. The extension, which had been requested by the Iraqi authorities, will provide them with time to implement the policy measures needed to complete the combined third and fourth reviews under the SBA. The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime. (more…)
04/08/2012
JD / Baghdad / .. International Monetary Fund announced on his arrival at an agreement with Iraq was extended through loan seven months until February 23, 2013 to the Iraqi government can implement a range of measures in the exchange rate regime in the country. (more…)
Statement by His Excellency Obaid Humaid Al-Tayer
Minister of State for Financial Affairs, United Arab Emirates
On Behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman,
Qatar, Syria, United Arab Emirates, and Yemen
International Monetary and Financial Committee Meeting
Saturday, April 21, 2012
Date: Monday 05/03/2012 15:00
Deputy for the National Alliance on Alfalh, to claim the International Monetary Fund cut the budget did not affect the budget of the provinces in order to reduce inflation is winning.
“And added that the operational budget for the current year took into account primarily the completion of service projects and economic development such as the electricity sector and the promotion of infrastructure.”
He pointed out that the government has made a special effort with the International Monetary Fund and to urge the support of Iraq and to reduce the inflation situation and work to Sataqrar the Iraqi dinar. “
Attributed the Director of the General Authority for Customs reasons for the decline revenue department over the past years to cancel the tariff law by the civil governor Paul Bremer in 2004, is regarded as the institutions where there is much corruption, stressing that he is working in coordination with the Inspector General to fight it.
The director of the Munzer Abdul Amir Asad Haider in an interview for the “morning”: that the revenues the General Customs Authority in November last year reached 50 billion and 955 million and 455 thousand dinars, as she was for the same month of 2010 about 29 billion and 237 million and 827 thousand dinars, thereby achieving an overall increase reached to 21 billion and 717 628 000 dinars, alluding to the bin the relay returns a month as the Finance Department to prepare reports at the same time prove relations department and information statistics on them. (more…)
Deputy calls for the application of the customs tariff .. And confirms that they do not affect the increase in prices
On: Wed, 12/21/2011 11:11
Baghdad (news) .. The member of the Economic and MP / National Alliance / Abdul Hussein Resan the need to apply the law of the customs tariff to support the local product, stressing that it does not lead to increased food prices in local markets.
The Resan in a statement to the Agency (news) on Wednesday: that there is a package of laws enacted by the House in the previous period have not been applied yet, including the law of the customs tariff, consumer protection, product, national and other laws that support the Iraqi economy and the local product.
and saw Resan need to apply the law of the customs tariff at the present time to of its positive results in support of the local industry and the citizen through getting on the item of a high international standards, which last for a long period of local markets, noting: that most of the goods currently displayed in the Iraqi market quality is good and consume a period shorter life span. (more…)
WASHINGTON: International Monetary Fund chief Christine Lagarde yesterday said economic growth in the Middle East and North Africa must include all members of society to fulfill the promise of the Arab Spring. Lagarde, in a speech in Washington, said the Arab Spring that began a year ago in Tunisia was at a “delicate transition point” as the MENA region seeks to define its future. “While each country in the region must find its own path to change, the over-arching economic goals of the Arab Spring remain clear-higher growth, growth that creates more jobs, and growth that is shared equitably among all strands of society,” she said.
The IMF managing director said that, despite some setbacks in the region, she remained “ever hopeful” that the Arab Spring is still poised to unleash “the potential of a better future for all.” However, the region faces challenges after governments reacted to social pressures by increasing subsidies, wages and other subsidies, which has undermined economic stability. “Fiscal deficits have widened, which raises concerns about sustainability. It pushes up interest rates, which makes it harder for the private sector to get credit to set up or expand businesses and start hiring people,” Lagarde said in a speech at the Woodrow Wilson Center. (more…)
Parliamentary Finance Committee: late submission of the federal budget for 2012 was due to the objection of the International Monetary Fund and the political blocs involved in the delay
Baghdad (news) .. confirmed the Finance Committee representative to the International Monetary Fund objected to the federal budget for 2012, which led to a delay in submission to the House of Representatives, indicating that the objection was the result of Matkdmt by the budget deficit rate of large, which amounted to 30% of the value of the budget, noting they agreed in principle to reduce the investment budget by 15% in order to avoid fiscal deficits there.
He / member of the Finance Committee representative / MP Haitham Jubouri (of the Agency news) on Tuesday: it is both legal and economic may not be detailed budget, but must come to the House a boost one either come at the Ministry of Defense and each internal unit that is not reasonable where they want us to discuss the budget for a number of ministries and we do not know the whole, adding that the demands to discuss the budget of the ministries of interior and defense was the result of demand for real, the file of the U.S. withdrawal, but this is included in the folds of pressure on the government to accelerate the adoption of the budget and sent to the House of Representatives. (more…)
28/11/2011 14:17:00
Baghdad (NINA) – Parliament Speaker, Osama Al Nujeifi, discussed with a delegation from the International Monetary Fund means to help Iraq and tackle its international debts.
A statement issued by Nujeifi’s media office today said he stressed “during the meeting, present by Finance Minister, Rafi’ Al Esawi, and the Minister of Planning, Ali Yousif Al Shukri, Secretary General of the Cabinet, Ali Al Allaq, on the importance of the IMF in correcting Iraq’s economy route,” demanding “to speed up finishing the 2012 budget in a short time.” (more…)
Press Release No. 11/395
November 4, 2011
The following statement was issued today by Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), after the conclusion of the Group of 20 Leaders Summit in Cannes, France:
“I welcome the Cannes Action Plan for Growth and Jobs as well as the other steps announced at the Summit, including the measures that will support the IMF in assisting our member countries and in promoting a more sustainable global economy. The G-20 Leaders recognized that we all face daunting policy challenges as the world economy has entered a more uncertain phase. While more work remains to be done, our two days of active discussion in Cannes have shown that we can find common ground for the greater good. (more…)
Countries across the Middle East and North Africa face a diverging economic outlook, with oil exporters experiencing a pickup in growth in 2011 on the back of higher oil prices and oil importers seeing a dramatic downturn as the region faces heightened regional and global uncertainty, the IMF says in its latest assessment.
The IMF’s Regional Economic Outlook for the Middle East and Central Asia, released October 26, projects growth in the Middle East and North Africa region at 3.9 percent in 2011, down from 4.4 percent in 2010.
propose an economic advisor in the Prime Minister Hussein Anbuge that “Iraq borrow from the IMF to address the shortfall in the current budget, which may range between [10-12] trillion dinars,” adding it was “soft loans and cover the deficit going forward.”
He Anbuge told all of Iraq [where] the day Wednesday that he “should cover this deficit through equity in the distribution of financial allocations for investment projects and development by the ministries.”
Maliki declares referral for corruption in the Commercial Bank to eliminate
Iraqi Prime Minister Nuri al-Maliki, on Thursday, on the transfer of file corruption in the Central Bank to the judiciary to take the necessary action, while describing the financial institution, “the heart is vital spring” to the process of reconstruction and investment, he called to preserve the reputation of the World Bank Iraq’s trade, and treatment placements imbalance in all banking institutions.
According to estimates of the International Monetary Fund that the total GDP in Iraq rose by 2.6 percent during the past year, Which is close to the record of the U.S. economy for the same period. UNFPA had projected an increase of 11 percent this year and next year but predicted an expansion to six or seven times over the next decade with the rise in oil production is equivalent to the production of Saudi Arabia.
In the meantime, the Central Agency for Statistics recently high rates of inflation during the last April and experts felt in the economy that the disorder is caused by the absence of the correct economic policy and sound add to the economy’s dependence on oil, the base class.
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