Meeting of IBC Chairman and Members with Head of Iraq Mission of the International Monetary Fund

IBC Chairman Dr. Majid Al Sadi, IBC Vice Chairman and Secretary General Mr. Saad Naji, IBC member Mr. Aysar Tobbiya and IBC member and representative of the Iraqi Private Banks Federation Mr. Atheer Al-Qadhi, ABB representative Mr. Alaa Amr and representatives of a number of diplomatic missions in Jordan met on Thursday September 28th 2017 at Amman Intercontinental Hotel with the Head of the Iraqi International Monetary Fund Mission Mr. Christian Joss and the accompanying delegation. During the meeting Mr. Joss reviewed the most important points contained in the recommendations of IMF over the third revision of the 36-month Credit Readiness Agreement with Iraq approved by IMF Executive Council on July 7th 2016.

The Council had had completed the second revision on August 1st 2017. At the end of the meeting Mr. Christian Joss made the following statement which was published on IMF official website:
“The Iraqi Authorities and IMF experts started their discussions in the framework of the third revision of the Credit Readiness Agreement.

Both parties achieved good progress towards reaching an agreement on the 2018 budget in line with the Credit Readiness Agreement.

These discussions will continue during the coming annual meetings to be held by IMF and the International Bank in Washington from 13th – 15th October 2017.”
“IMF team met with the Acting Central Bank Governor Dr. Ali Mohsin Ismael Al-Allaq, the acting Deputy of the Finance Minister Dr. Mahir Johan, officials at the Iraqi Prime Minister’s Office and officials from the Iraqi Ministries of Finance, Oil, Planning and Electricity, the Central Bank of Iraq, Oil Marketing Company (SOMO), Central Statistical Organization and the Board of Supreme Audit.”