Al Maliki: Iraq cannot meet IMF request

Al Maliki: Iraq cannot meet IMF request

Thursday, October 08, 2009 09:50 GMT

Iraqi Prime Minister Nuri Al Maliki has said Iraq cannot meet what he said was an IMF request to cut public sector pay, as the country negotiates a $5.5 billion loan with the institution.


74 percent of the nation's budget is spent on public sector pay, Al Maliki said in a meeting with businessmen in Baghdad.


As an alternative to cutting salaries, he said, the country would seek to get its public finances in order by developing oil revenues, through efforts to draw in foreign oil majors into Iraq.


He added that negotiations over contracts with Japan's Nippon Oil Corp, China's National Petroleum Corporation (CNPC) and BP are evidence that Iraq was serious.

WELL maliki better get his parliament to start passing the FIL AND HCL if this is his plan!!!!

74 percent of the nation's budget is spent on public sector pay,


What, exactly, is Mailki calling public sector pay? Anyone?

JUST RECEIVED A CALL, THAT THE AP STATED: THE UN ALONG WITH THE IMF HAVE ADDED IRAQ DINAR TO THE LIST OF CURRENCIES THAT MUST REVALUE. THIS CAME ACROSS ABOUT 10 O'CLOCK THIS MORNING.

bobp wrote:JUST RECEIVED A CALL, THAT THE AP STATED: THE UN ALONG WITH THE IMF HAVE ADDED IRAQ DINAR TO THE LIST OF CURRENCIES THAT MUST REVALUE. THIS CAME ACROSS ABOUT 10 O'CLOCK THIS MORNING.

That would be awesome....can we find a article from the AP on it???

I HAVEN'T BEEN ABLE TO FIND IT YET. I JUST CONTACTED MY CALLER AND REQUESTED HE E-MAIL IT TO ME. AS SOON AS THIS HAPPENS, I WILL POST THE ADDRESS.

THIS WAS NOT SENT BY THE AP BUT ISRIA AND IT WAS FROM THE GENERAL ASSEMBLY OF THE UNITED NATIONS ADMINISTRATIVE AND BUDGETARY FIFTH COMMITTEE.

Is this the document???

https://dinaroutcast.forumotion.com/iraq-economy-news-f3/the-committee-decided-to-adjust-market-exchange-rates-for-iraq-t2402.htm#5908

Yes this is what I received.

Thanx anyhow Bob.....got me goin for a minute.