Finance ministry to sign new agreements with IMF

BAGHDAD / IraqiNews.com: Iraqi Finance Minister Baqer Jabr al-Zubaidi on Wednesday said that his ministry will ink new agreements with the International Monetary Fund (IMF) to allocate $7 billion to support Iraq in the coming two years. “Iraq started a new round of negotiations with the IMF to sign new agreements, according which the country will get $7 billion to help it avoiding any financial problem in the coming two years,” al-Zubaidi told IraqiNews.com news agency. Regarding the general budget, the minister said that “we received the final report from the economic committee and there is no deficit problem in the next year’s general budget.” “A total of $1.875 billion will be added to the budget after receiving them from the mobile phones companies,” he noted. SH (P) 1