IMF "to Agree Iraq Monitoring Program"

By John Lee.

The International Monetary Fund (IMF) is expected to finalize an agreement with Iraq in the coming days for a program to monitor its economy.

The fund's Middle East director, Masood Ahmed, told Reuters the program would establish a track record of effective performance from the Iraqi authorities which could lead to a finance program being agreed next year.

Baghdad agreed last month to have the IMF monitor Baghdad's economic polices, with the intention of curbing spending and reducing Iraq's budget deficit.

(Source: Reuters)

(IMF image via Shutterstock)