IMF stressess, Iraq needs to adopt economic reform

Posted: July 28, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

IMF stresses the need for the adoption of Iraq’s economic reform process and the broad

The head of the IMF mission to Iraq Carlo Sdrallweg, that Iraq needs to formulate structural economic reform agenda and widespread, and it needs to follow up the implementation of that agenda with all its contents.

Allweg said at a press conference during his visit to Iraq, said that “Iraq upon the implementation of a lot of work in the field of public finance, and improving the management of the budget, and most importantly, to be in the area of improving growth and poverty reduction as well.”

He added that “the importance of upgrading the quality of spending, and this can be achieved, in the first place, by eliminating waste, and direct expenses to the poor more,” noting that “Iraq’s need to focus on increasing the level of provision of electric power, and the restructuring of state-owned companies owned of the state, and streamline regulations to help ensure its focus on helping the private sector rather than impose restrictions on it. ”

The President of the International Monetary Fund (IMF) mission on the need to revive agriculture, including the reform of the public distribution system, which contributed to the decline in domestic agricultural production through large food imports. ”

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