Minister of Finance From Washington: Our Discussions With the IMF Was Positive ... World Bank

Conscious / Minister of Finance From Washington: Our Discussions With the IMF Was Positive

General Supervisor



Conscious / Baghdad / m. A

7/10/2010 4:08 pm

SPA3 Finance Minister Baqir al-Zubaidi, from Washington today that the Board of Directors of the International Monetary Fund has approved in its meeting held on 10.1.2010 on the outcome of the discussions that took place in the first review of the Convention support the third SPA3 Which took place in June 2010.

The statement said the ministry's media office has received (news agency, media / INA) a copy of the talks held by experts of the Ministry of Finance and Central Bank of Iraq with the experts of the Fund in Amman was very positive.

SDR The approval means the launch of the fund for the second installment of the loan granted to Iraq and the deep (4.3 billion dollars) has reached the limits of the second installment (475) million of special drawing rights of the SDR Which is equivalent up to (741) million U.S. dollars note "that the Fund has already released the first batch and the beginning of this year, amounting to up to (453) million U.S. dollars.


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Zubaidi ... Confirms the Approval of Washington, International Monetary Fund Discussions on the Results of the First Review of the Convention Support the Third

(Voice of Iraq) - 07-10-2010

In the name of God the Merciful

Washington

7/10/2010

((... Zubaidi confirms approval from Washington, the International Monetary Fund discussions on the results of the first review of the Convention support the third SPA3))

HE the Minister of Finance Baqir al-Zubaidi, of Washington, said the Board of Directors of the International Monetary Fund has approved in its meeting held on 10.1.2010 on the outcome of the discussions that took place in the first review of the Convention support the third SPA3 that took place in June 2010 between the experts of the Ministry of Finance and Central Bank of Iraq and Fund staff in Amman.

This states that under this approval have been launched by the Fund's second installment of the loan granted to Iraq and the deep (4.3 billion dollars) has reached the second installment up to (475) million of special drawing rights of the SDR, which is equivalent up to (741) million U.S. dollars note that " Fund has launched the first batch and the beginning of this year, amounting to up to (453) million U.S. dollars.

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Look at the photo in the top article.... That's Shabibi with the pen.........

grannyv wrote:

Kar/Admin wrote:Look at the photo in the top article.... That's Shabibi with the pen.........

Sure hope he keeps that pen in his hand until he gets the RV signed!

Maybe we should save a dinar note and, after the RV, get Ambassador Perhaps to get Shabibi to autograph it!

Conscious / Zubaidi attend the opening of the annual meeting of the IMF and World Bank

Conscious / Baghdad / St. G
9/10/2010 11:15 am
The Minister of Finance Baqir al-Zubaidi and the delegation accompanying him and the facts Opening the annual meeting of the International Monetary Fund and the World Bank, which took place in the presence of World Bank President and General Manager of the International Monetary Fund and finance ministers and Governors of States contributing to the international institutions.

A media source in the ministry for the (News Agency Information / INA) said the meeting began giving a speech, Minister of Finance, Nigerian chairman of the meeting, who welcomed the audience reviewed the main challenges facing the countries of the world, especially after the global financial crisis at the end of 2008. Pointing "to the main steps that States must cooperate taken in order not to repeat this crisis, stressing" the The importance that distributed power audio in a fair manner between the two countries and to ensure a better share of developing countries, especially in the area of recognition and investment.

Then the Director of the IMF was Strauss speech in which he praised to the difficulties faced by the economies of the world and of high rates of debt and high rates of unemployment and the need for financial sector reform, stressing the need for States to address these matters in collective efforts to achieve economic growth and job creation with reform the financial system also pointed out that "without the full cooperation of all States can not achieve these goals.

Then the World Bank President Zoellick's speech in which he reviewed the activities of the World Bank to address the financial crisis and growth in order to maintain food prices and reduce poverty, create employment and achieve sustainable development of all States, as pointed out Contributions of the organizations of the World Bank such as the International Finance Corporation and Insurance Corporation, investment and credit facilities and loans granted by the World Bank after Thrown Words of a number of countries participating in the meeting, which stressed the importance for the World Bank and International Monetary Fund towards helping developing countries to achieve rates of sustainable development and poverty reduction.



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Conscious / Iraq asks World Bank to allocate 500 million dollars to fund service proj

9/10/2010 9/10/2010 11:23 am 11:23 am

التقى Met وFinance Minister Baqir al-Zubaidi and his accompanying delegation on the sidelines of his visit To Washington to attend the annual meetings of the International Monetary Fund and the World Bank Ms. . Mjoani Ondroeti Managing Director of the World Bank in its place of business.

وقال مصدر اعلامي في الوزارة A media source in the ministry For (Media News Agency / INA) that during the meeting, they discussed the subject of the possibility of transfer of the Office of the World Bank, who is in . Amman to Baghdad, the Ministry of Finance is working on is ready to find the headquarters of the World Bank in Baghdad and in a safe area.

He added that the Finance Minister called for the allocation of $ 500 million from the World Bank after the capital increase to finance some projects related to services and projects, particularly water and called on "to زيادة جهود البنك في بناء القدرات الذاتية للعاملين في مختلف الوزارات ودعم Increase the Bank's efforts in building the capabilities of the workers in the various ministries and support Iraqi government's efforts to shift from a centralized economy to support the private economy and private economy are distinct.

من جانبها For its part, Ms. Ondroeti promised to consider seriously requests for Iraq, especially that they understand Iraq's current situation and respond as much as possible to these requests.

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Iraq Chaired a Session of the Arab Group at the International Monetary Fund

Iraq meeting chaired by the Arab group at the International Monetary Fund, on the sidelines of the annual meetings of the Bank and the International Monetary Fund in Washington, DC.

He said Finance Minister Bayan Jabr said Iraq would make in his speech to the Arab Group's proposals will support the economies of the Arab States:

He said in an interview with Iraq and the world that Iraq had suggested in meetings with officials of the IMF and World Bank to open an office for them in the capital, Baghdad:

The Minister of Finance said that Iraq would seek to reduce the deficit in the state budget for the year two thousand and one century.

This is research-Zubaidi with officials in other financial institutions access to Iraq's loans are granted in the form of soft loans to projects and small businesses.


Saturday, October 09, 2010

Zubaidi confirms the desire of Iraq to move the Office of the World Bank from Amman to Baghdad
.. The Ministry of Finance, the Minister Baqir al-Zubaidi, who is in Washington to attend the annual meetings of the International Monetary Fund and World Bank met with the Managing Director of the World Bank Mjoani Ondroeti and discussed with her the possibility of transferring the World Bank office located in Amman to Baghdad to facilitate the process of dealing with him. .. A statement from the Ministry of Finance on Saturday that the ministry is working to find the headquarters of the World Bank in Baghdad and in a safe area, noting that Finance Minister demanded an amount of $ 500 million from the World Bank after a capital increase to finance some projects related to services, particularly water projects.
.. He called al-Zubaidi, according to the statement to increase the Bank's efforts in building the capabilities of the workers in the various ministries and support the Iraqi government's efforts to shift from a centralized economy to the private economy and support the private economy is distinctly has promised Ondroeti to consider seriously requests for Iraq, particularly as they understand the situation in Iraq now and to respond as much as possible to these requests.

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Source: International Monetary expand role in Iraq
09/10/2010 17:54 09/10/2010 17:54


بغداد9تشرين .. Baghdad, October 9 October (Rn) - A source at the Iraqi Finance Ministry on Saturday, the International Monetary Fund pledged to activate its role in Iraq, pointing at the same time that it came after a visit today to the U.S. delegation from the ministry.

وفي.. In a statement to the Kurdistan News Agency (Rn) said Zia Alckheon financial advisor in Iraq said his country was able to "convince" the International Monetary Fund to expand its role within the Iraqi governmental institutions, through the visit of a delegation from the Ministry of Finance who is currently in the United States.
.. Having noted that the reactivation of the role of the IMF would contribute to the financial support of projects sponsored by the ministry, he drew Alckheon to the Central Bank of Iraq has succeeded during the last period to overcome many obstacles.

.". He added, "but still in need of large-scale changes in a private file private banks which have capital funds are insufficient to protect its shareholders."

.". Alckheon said that "the Financial Action Task Force in Iraq need to unify the approaches to the Ministry of Finance and Central Bank of Iraq."

وكان.. The Minister of Finance Baqir al-Zubaidi, who has headed the delegation currently visiting the United States, where he met Hinahara Deputy Director General of the International Monetary Fund and a number of experts at the headquarters of the International Monetary Fund in Washington.

.0. Iraq has signed the Convention on the emergency with the International Monetary Fund to bail him out of the fiscal deficit, which suffers from it, in the financial Moisnath in the last two years called the SPA3 and concluded in June 2010.

.. The Convention provides for the granting of loans to Iraq for the advancement of financial balance sheets of Iraq in the coming years.

.. Revealed the Iraqi Finance Ministry earlier in the meeting most of its problems with the Central Bank of Iraq, especially after the latter deliberately to reduce the reserves of the fiscal surplus of 20 percent to 15 percent.

.04. And founded the Iraqi Central Bank, which is head quartered in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, an independent Iraqi bank under the law of the Central Bank of Iraq issued on the sixth of March 2004.

.. The Bank is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
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