Iraq and the IMF agree on the financial and economic policy monitoring program
Concluded this evening in the Jordanian capital Amman talks, Iraqi and consultations with the IMF two sides reached an agreement on control of IMF experts program STAFF-MONITORED POGRAM (SMP) financial and economic policies in the country for the remainder of fiscal year 2015 and for the year coming in 2016.
The program aims to assist Iraq in reforms in the foreign exchange policy, public financial management and banking supervision.
It was agreed that the technical memorandum of understanding to implement the program in the quarterly timelines and the letter of intent, and the aim of the actions that have been agreed Ay standards to maintain the stability of the financial sector.
And it took place during the past ten days technical talks between the Fund and of the Middle East Department representatives, Central Asia and oil experts and financial and planning ministries and the Central Bank of Iraq.