Mr. Governor's speech in Washington

October 22, 2017

Mr

The speech of the Governor of the Central Bank of Iraq Dr. Ali Mohsen Al-Alaq during his meeting with the Director General of the International Monetary Fund and the Governors of Central Banks in Washington on 15-10-2017
Thank you Mr. Laccard, the Director-General for hosting this meeting.
Despite the difficult circumstances, the Iraqi government iscommitted to implementing its program with the International Monetary Fund and we hope that the third revision will be agreed under the program during our stay here.
We appreciate the work of the IMF team and the flexibility of the policy of advising, as it is important to reach this degree of flexibility and understanding of the exceptional Iraqi situation, where this is important when it comes to balancing the financial situation with social considerations.
The withdrawal of correspondent banks is an important issue for us. We also appreciate if the Middle East Division of the International Monetary Fund can share best practices and facilities and conduct a dialogue with shareholders to address this issue.
Iraq, like other countries in the region, has a large number of refugees and displaced persons (about 3 million for displaced people). It would be helpful for the Middle East to provide assistance in assessing the economic impact associated with it. The international community has the opportunity to provide assistance.
I would like to take this opportunity to express my thanks and appreciation to the Kuwaiti government for their valuable support for Iraq, including hosting the Iraq Reconstruction Conference in the coming months. In this regard, we appreciate the technical support of the International Monetary Fund in preparing for this conference.
There is a need for great efforts by the International Monetary Fund to develop the representation of our region's staff and to ensure appropriate career opportunities and promotions to the highest levels, and we hope to see tangible progress in this regard at our next meeting.

cbi.iq