Zubeidi in Amman to discuss support of the International Monetary Fund for Iraq
Arrived in the Jordanian capital, Amman, Minister of Finance Bayan Jabr at the head of a delegation of the Iraqi Central Bank Governor Sinan al-Shabibi and adviser to the Ministry of Finance, Aziz Jaafar.
Zubeidi round was held talks with the IMF experts, which included the Ruon Dorrn Ibrahim Tijani and Sioux Warren which was reached agreements on the International Monetary Fund support for Iraq in the field of technical and scientific, through its experts in the area of fiscal policy and oil.
It was also the subject of the discussion of quotas, which represent the development of Iraq's share of the loan amounts allocated to States signed with the IMF and that Iraq can refer to when needed in the event of a decline in oil prices or exports, or the need for Iraq to rebuild the infrastructure of the water projects, energy and other service projects.
It was agreed in principle that the ratio of quota between 5 to 6 billion dollars and the interest rate does not exceed 1% and the duration of not more than five years and renewed after five years the duration of ten years.
It was also agreed to continue the functional and technical meetings between Iraqi experts and experts the International Monetary Fund in mid-July and follow-up discussions, to be presented to the Council of Ministers, after the validation is sent to the House of Representatives
and in the case of an initial agreement to be signed the new agreement during the month of September 2009.
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