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Jwdwrd
11-11-2010, 01:08 PM
IMF renews demand to end the Iraq debt

November 11, 2010

The adviser at the CBI, on Wednesday, the IMF renewed its call on Iraq to end its debt outstanding files that hinder the movement of the Iraqi economy.

He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) “The IMF renewed its call to the Ministry of Finance and Central Bank need to develop a convincing solutions to the crisis of external debt in order to facilitate the move of the financial Iraqi banks.”

He added that “the CBI believes that the node did not develop the Iraqi economy due to the weights of the country files of debt and borrowing and damages the political movement that prevent the Iraqi economy are free.”

And that “the file to resolve Iraq’s debt would stimulate economic activity, and then release the constraints of the government and private banks and also will contribute to Iraq’s entry into the World Trade Organization.”

The team was Iraqi to join the World Trade Organization was established in December 13 / December 2004, and presented a memorandum to obtain membership of the Organization on 16 September 2005, the adoption of Iraq, an observer in the January 24, 2007, and began the meetings of the first round of the Group work in 2007, followed by a second round of meetings in 2008, then the third round the end of 2009

The Central Bank of Iraq to end 90% of the file’s internal debt traders and private companies, according to the Paris Convention, which Iraq has fulfilled its obligations to the entire private sector, which Yun part of the restrictions placed on Iraq.

The UN Security Council issued its resolutions 1483 which was released in 2003, put money in the Iraq Development Fund for Iraq, which go to DFI’s imports of Iraqi oil and oil for food program as well as funds belonging to the former regime.

aknews

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