Friday, January 19, 2024

"HUGE NEWS!!!" BY FUZE, 19 JAN

 IMF welcomes Iraq’s accession to a program that supports economic reforms

Fuze:
The primary Economic Program for economic development of a country is Artcle 8 compliance. This article states Iraq has ascended to this mysterious program, to begin implementation next month!!!!! Not without a REER (reel effective exchange rate)  you won’t!!!

This is huge News!!!!

Economy News – Baghdad

The Managing Director of the International Monetary Fund (IMF) welcomed on Thursday Iraq’s accession to a non-financing program to support economic reforms, during her meeting with Prime Minister Mohamed Shia Al-Sudani to meet in Davos.

The Prime Minister’s Information Office said in a statement received by “Economy News” that “Sudan met with the Managing Director of the International Monetary Fund, Kristalina Georgieva, on the sidelines of his participation in the Davos Economic Forum held in Switzerland.”

During the meeting, they discussed the financial cooperation relations between Iraq and the International Monetary Fund, within the framework of supporting the development path in Iraq.

Al-Sudani pointed to “the government’s plans in the field of economic and financial reform, as a gateway and basis for all reforms planned by the government in all vital sectors.

Georgieva welcomed Iraq’s accession to a non-financing program to support economic reforms, as meetings with the IMF begin next month to implement this program.

She also praised “the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment,” expressing “understanding of the specificity of Iraq and the challenges it faces.”

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