Related article ~ IMF and Iraq ~ Statement by IMF Managing Director Christine Lagarde on Iraq ... 15/12/2011
Lagarde: Mission of the International Monetary Fund to visit Iraq
Washinton, according to Director-General of the International Monetary Fund Christine Lagarde that the mission of the Fund's staff will go to Baghdad in January (January) next, for talks on the loan to Iraq. And met Lagarde in Washington, Iraqi Prime Minister Nuri al-Maliki and discussed with him the loan which grants to Iraq in February 2010, which did not pay him any part since March 2011 and which ends its impact in July 2012. said Lagarde said in a statement. We are committed to our pledges to help Iraq in its efforts to achieve lasting economic development be for the benefit of all and the creation of vital functions and improve the conditions of life for all Iraqis.
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The statement added, is scheduled to meet the mission of the International Monetary Fund authorities in January (January) to looking with the progress achieved in the framework of the program and the subsequent stages. He received of Iraq so far on the $ 1.7 billion out of 3.8 billion planned under the contract.
She Lagarde in a statement that the government laid the foundations of an agreement on the later stages of payment. The I am encouraged by very bill the new budget submitted by the Government for the year 2012, which is trying to curb the increase in running costs and thus free sources of investment in infrastructure and social measures to reduce the size of the deficit in budget.
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December 13, 2011 Statement by IMF Managing Director Christine Lagarde on Iraq
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after a meeting with H.E. Nouri Al-Maliki, Prime Minister of Iraq in Washington today:
“It was a pleasure to meet Prime Minister Al-Maliki today. Over the past several years, Iraq and the International Monetary Fund have engaged in a very successful partnership, anchored by successive IMF-supported economic programs. This partnership has facilitated substantial debt relief and helped achieve macroeconomic stability, including a strong dinar, low inflation, and a resumption of economic growth, in a very challenging political and security environment.
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“Prudent fiscal policies are essential to maintaining macroeconomic stability and fostering inclusive growth. In this context, I am very encouraged by the government’s new budget proposal for 2012 that was recently submitted to the Iraqi Council of Representatives. The proposal aims to restrain the growth of current spending, thus freeing up resources for infrastructure investment and social support, while limiting the size of the budget deficit. The proposed budget would allow the current Stand-By Arrangement (SBA) to continue to provide a safety net to the budget in case oil revenues were to fall sharply.
“Promoting policies that lead to more inclusive growth is central to our engagement with Iraq. We are working closely with the Iraqi government to rebuild its essential economic institutions to help improve economic management and public service delivery. The current SBA offers a framework for Iraq’s structural reform agenda, by promoting better public financial management, including the management of Iraq’s hydrocarbon resources, and developing a financial sector that can support private sector activity and job creation. We look forward to further progress in these areas.
“We remain committed to helping Iraq in its efforts to foster sustained and inclusive economic growth, generate viable employment opportunities, and improve living standards for all Iraqis. An IMF staff mission is scheduled to meet the authorities in January to discuss progress under the program and next steps.”
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Sunday 11-12-2011
Al-Maliki will participate in the Symposium of the American Chamber of Commerce in the presence of more than 250 American and global
Baghdad, Nofal said aboulshawn Hassan, commercial attache at the Embassy of the Republic of Iraq in Washington that the visit of Prime Minister Nouri al-Maliki and his Entourage will participate in the Symposium to be held at the American Chamber of Commerce in the presence of more than 250 leaders and representatives of the u.s. and global companies operating in various sectors, adding to a group of Iraqi businessmen.
Hassan said in a statement (News News Agency) on Sunday: Al-Maliki meet with World Bank President and Executive Director of the International Monetary Fund, and Dr. Alexandra will attend Trade Minister Hassan with a group of members of the visiting delegation in the meeting devoted to brief us companies on trade and investment opportunities in Iraq especially in areas controlled by the Ministry.
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He said that the delegation will attend a series of activities and events that contribute to strengthening economic and commercial aspects of trade and investment between the two countries and discussed ways to increase the participation of companies in the business and investment in Iraq.
It is worth mentioning that the terms of trade between the two countries have seen significantly in the last five years, bringing the total number of exports and imports between the two countries nearly 75 billion dollars at a rate of $ 15 billion annually.
On the other hand, the commercial attache said Nawfal Al-Hassan that u.s. companies registration rates in Iraq has risen during the past two years. Has completed commercial attachee in Washington nearly 10,000 commercial transaction for us companies during the past three years.
More than 80 American companies and institutions had participated last month in the first official us Pavilion in the 38 session of the Baghdad international fair.
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Related Article ~ Iraq 2012 Budget Sent To Parliament ~ Iraqi Cabinet Ratifies $98.39 Billion Budget For 2012 ~ Sends To Parliament For Approval ... Mon 12/12/2011
Finance: Do not increase the salaries in the budget of 2012
Baghdad / economic-term follow-up
Finance Minister Rafie al-Issawi that the budget next year, 2012 will not see any increase on the salaries of employees or retirees, pointing out that the issue of salary increases to the files of the most objectionable of the International Monetary Fund. Issawi said in a press statement: that any increase in the salaries of employees and retirees that would expand the operating budget and a negative impact on the investment budget ..
At a time when the country needs more investment to move the Iraqi economy and the elimination of unemployment that exist.
He Issawi that the House will not proceed with any laws of the dimensions of finance before returning to the Government and the Ministry of Finance, to ensure the existence of financial cover them, adding that the budget for which they were by the Ministry of Finance and approved by the Council of Ministers did not put increases on salaries.
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The al-Issawi that the next budget approved 59 thousand degrees and careers, including 18thousand of the Ministry of Health and 15 thousand of the Ministry of Education, as was the distribution of the rest of the stairs on the ministries and other government institutions.
The al-Issawi, announced earlier that the endorsement of the government's budget for next year, which reached 117 trillion dinars and a deficit of 14 Trliuna, and the adoption of the production of 2.0006 million barrels a day and at a price of $ 85 per barrel.
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Could Be Related .. Monday, December 5th Central Banks in Joint Action to Boost Liquidity to Markets .. Also .. last month's article ~ November 15th ~ 2012 budget in line with the aspirations of Iraq's economic and will Enhance the Value of Iraqi Dinar" ... And .. December 1st ~ Iraq 2012 Budget Being Revised at IMF Request ~ Expected To Be Sent to the Council House of Representatives in Two Days, Dec. 1st?
02/12/2011
Iraq to cut the size of its budget for next year's general recommendations of the International Monetary Fund
Deputy Chairman of the Finance Committee in the Iraqi Council of Representatives, the Iraqi government's decision to reduce the size of the general budget of the country for the next year of 131 trillion dinars to 125 trillion on the back of recommendations from the International Monetary Fund, pointing out that it will forward the draft Law of the decision of the reduction to the House of Representatives during the coming period.
Ahmed said Jaoshin told the Kurdish news agency (Rn), "The Iraqi government decided to reduce the size of the general budget of the country for the next year from 131 trillion Iraqi dinars to 125 trillion dinars on the back of recommendations from the International Monetary Fund ...Noting That "will forward the draft law the decision of the reduction to House of Representatives after approval by the Council of Ministers next week. "
He Jaoshin to "reduce the size of the general budget of the country for the next year will affect the share of the Kurdistan region of that budget, which amounted to 17%," explaining that "the region's share of the general budget of the country would be about 13% of the budget after the pre-deductible expenses sovereign and operating them."
For its part, said a member of the Finance Committee parliamentary Najiba Najib's (Rn), that "the general budget of Iraq for the next year is guessed depending on the reach of oil exports of the country's borders 2.0006 million barrels of oil per day at $ 85 U.S., while the adopted current year budget 2.0002 million thousand barrels of daily oil exports of the country at the same price."
She explained Najib that "the Iraqi government's decision to reduce the size of the budget year for the country for the next year at $ 6 trillion dinars came in implementation of the recommendations made by the International Monetary Fund," noting that "the decision of the reduction was a must for Iraq can borrow from the Fund in case the need arises In addition to the need for foreign companies investing in Iraq to deal with the Fund, which will not swim by the latter in the case of Iraq did not meet the recommendations."
Iraq has the fourth largest oil reserves in the world, and seeks to improve the quality of production by foreign companies operating in the oil fields, and access to the production of 12 million barrels in 2017.link
Bumped ..Refresher Post:) .. Link
Related articles ~ June 2011 ~ Iraqi economy is starting from next June and a clear movement ... Links ~ June 2011 ~ Iraqi Finance: Committee to Protect Iraqi funds would be its secret ... April 9, 2011 
Central Bank assisted by IMF and World Bank to end the debt file
Ahmed al-Zubaidi - The central bank of Iraq that Iraq will use IMF and World Bank to end the file of commercial debt after the end of the Trusteeship internationalism on Iraqi funds in June.
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He said the appearance of Mohammed in his interview with Radio Free Iraq "The Central Bank of Iraq will use the advice and the opinion of the IMF and World Bank to end the file of commercial debt which is supposed to be resolved by Iraq through a clear plan to prevent any violations of his money," stressing that Iraq will continue to pay the debt of companies and businessmen who claim that they are asking for Iraq in accordance with international procedures in the payment.
At the time of the course is to give Iraq to the UN Security Council report in detail in the next May, indicating the most important pillars of the protection of Iraqi funds, the Ministry of Finance of Iraq earlier this year that the work of the Committee to Protect Iraqi funds abroad will be secret, to avoid fake companies that claim to It requests the Iraq money.(see link top of post).
A member of the Finance Committee in the Iraqi Council of Representatives Secretary Hadi, said there is a lot of front companies had obtained the money from Iraq by international lawyers, however, that the Iraqi government discovered over time that these companies did not provide Iraq with any goods or services as the burning of many of the documents during the fall of the regime was the reason behind the loss of many of the receivables as he put it.
The UN Security Council voted unanimously last January on the three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and an end to file oil-for-food program, also extended the immunity of private money to Iraq until the end of next June.
http://www.iraqhurr.org/content/article/3552188.html
Snip ~ adding that the demands to discuss the budget of the ministries of interior and defense was the result of demand for real ..*the file of the U.S. withdrawal, but this is included in the folds of pressure on the government to accelerate the adoption of the budget and sent to the House of Representatives.Snip ~ 2 days .. And intercept the International Monetary Fund said Jubouri: *There are negotiations with the IMF as the Ministry of Finance promised us in two days prompted the Council of Ministers session exceptional for the purpose of discussing the budget and sent to the Council House of Representatives
November 29, 2011
Parliamentary Finance Committee: late submission of the federal budget for 2012 was due to the objection of the International Monetary Fund and the political blocs involved in the delay
Baghdad, confirmed the Finance Committee representative to the International Monetary Fund objected to the federal budget for 2012, which led to a delay in submission to the House of Representatives, indicating that the objection was the result of Matkdmt by the budget deficit rate of large, which amounted to 30% of the value of the budget, noting they agreed in principle to reduce the investment budget by 15% in order to avoid fiscal deficits there.
He / member of the Finance Committee representative / MP Haitham Jubouri (of the Agency news) on Tuesday: it is both legal and economic may not be detailed budget, but must come to the House a boost one either come at the Ministry of Defense and each internal unit that is not reasonable where they want us to discuss the budget for a number of ministries and we do not know the whole ..adding that the demands to discuss the budget of the ministries of interior and defense was the result of demand for real, the file of the U.S. withdrawal, but this is included in the folds of pressure on the government to accelerate the adoption of the budget and sent to the House of Representatives.
And confirmed Aljbreue: the objection of the International Monetary Fund was due to the size of the deficit in the federal budget where there is a deficit of 30% of the total budget, indicating that the rate of (30%), half deficit financed with can be covered and the other half is funded can not be financed as Treasury operational, adding that Iraq is an individual income that is 92% of its revenues coming into the government of Iraq is oil and including the instability in the European market and Asian as well as a confusion in the global economy, It is possible to affect the oil and thus can affect the federal budget for Iraq, stressing that the Committee had agreed in principle to reduce the investment budget by $ 15% so that we can control in the case of falling oil prices on the budget and the economy.
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Added Jubouri that for more than two years, prices oil is stable, including the revenues from Iraq's most oil, so Iraq is affected by the impact of large oil revenues as it is for example if they fell Saralnaft to 40% of the current price is already the investment budget whistles in full and state remains the only work to balance operational therefore the citizen will not see any services in the 2012, that requires stakeholders to examine the budget is well away from the rhetoric of political and electoral systems.
And intercept the International Monetary Fund said Jubouri: There are negotiations with the IMF as the Ministry of Finance promised us in two days prompted the Council of Ministers session exceptional for the purpose of discussing the budget and sent to the Council House of Representatives.
It seems that the political differences also entered on the line of legislation, the budget Insisting to raise value and increase the operational side and where the wills of the blocks contributed to the disabled as it shows the leadership of the Kurdistan Alliance / MP Qassem Mohammed, there are differences between the political blocs and political life differences natural, but non-natural that does not have a there is an agreement between the blocks, particularly in the adoption of the budget, stressing that the political blocs are all borne by the delay in not approving the budget, and each party and all the mass of each stream bear the premium of the delay budget.
The Ministry of Planning, declared in the 22 September attacks, the financial budget for next year will be between $ 112 and $ 120 billion, confirming that 35% of the budget allocated to the investment, while the current year budget of $ 201,181,900,000,000 deficit of $ 13.3 billion.link
Related article ~ IMF and Iraq ~ Statement by IMF Managing Director Christine Lagarde on Iraq ... 
