The International Monetary Fund will finalize an agreement with Iraq in the coming days for a program to monitor its economy, the fund’s Middle East director said on Tuesday.
The monitoring program would establish a track record of effective performance on the part of the Iraqi authorities which could lead to a finance program being agreed next year, Masood Ahmed told Reuters on the sidelines of a conference in Dubai.
Iraqi authorities agreed last month to have the IMF monitor Baghdad’s economic polices, with the program aimed at reining in spending and reducing Iraq’s budget deficit.
Source: Reuters, December 15, 2015
(Reporting by Hadeel Al Sayegh; Writing by David French)