IMF agreement on course as Iran approves reform legislations
June 13, 2016 8:51 am
Iraq has authorized legislations sought by the International Monetary Fund to obtain loans which could help the country avert a cash crunch due to slumping crude revenue.
Mudher Saleh, Prime Minister Haider al-Abadi’s financial policy adviser, said the agreement between the government and the IMF is on course.
Some of the measures approved include settling the arrears owed to foreign oil firms operating in the OPEC nation by the end of 2016.
In 2014, the global institution agreed to give $5.4 billion over three years. But Iraq needs to approve bills which will boost non-oil earnings, slash expenditures, and paying off arrears to oil companies.
The material has been provided by InstaForex Company – www.instaforex.com
Iraq has authorized legislations sought by the International Monetary Fund to obtain loans which could help the country avert a cash crunch due to slumping crude revenue.
Mudher Saleh, Prime Minister Haider al-Abadi’s financial policy adviser, said the agreement between the government and the IMF is on course.
Some of the measures approved include settling the arrears owed to foreign oil firms operating in the OPEC nation by the end of 2016.
In 2014, the global institution agreed to give $5.4 billion over three years. But Iraq needs to approve bills which will boost non-oil earnings, slash expenditures, and paying off arrears to oil companies.
The material has been provided by InstaForex Company – www.instaforex.com