The country's March 2016 signing of a new stand-by agreement
with the IMF is also key in S&P's growth projections-the agreement, totalling $1.5 billion over the next 18 months, should support external financing needs.
The statement added that "the Minister of Finance reviewed the Stand-By agreement
with the International Monetary Fund." For his part, the German official stressed German government willingness to provide technical support to the Iraqi government to achieve the transformation of the Iraqi economy and to achieve the required economic reforms, and the federal budget issues.
The BCT governor underlined in his intervention, on the occasion of the meeting, that the next programme will be part of the priorities of growth and development of the next five-year development plan (2016-2020), expressing will to set in the shortest terms, the date of coming into force this new programme with the IMF, especially that the stand-by agreement
, concluded between Tunisia and the IMF in June 2013, will end late December 2015.
The IMF's decision to provide Tunisia with a two-year, $1.74bn stand-by agreement
, partly on the basis of the government's commitment to solve weaknesses in the banking system, indicates that the benefits of reform may be significant.
The bank borrowed EUR1.45bn in 2009 as the second instalment of a EUR11.7bn stand-by agreement
approved in late 2008.
The International Monetary Fund cleared the way for roughly $51m in aid to Bosnia on Monday as part of a Stand-By Agreement
conceived in September 2012, after the organization found that the Balkan nation was keeping its finances in check, Reuters reported.Bosnian lawmakers agreed last month to cut military pensions in one recent step to win expanded IMF aid.
KAHyRE (CyHAN)- The Egyptian government and the IMF will enter new negotiations over a Stand-By Agreement
to lend Egypt some $4.8 billion, Ashraf Al-Arabi, minister of planning and international cooperation, told Al-Mal newspaper on the margins of a seminar.
Summary: The IMF mission to Georgia last week completed the 9th and final review of the countryEoACAOs economic performance under the August 2009 Stand-By Agreement
* EUR 2,570 million inflows, representing the sixth tranche of the Stand-by agreement
, changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission's account, inflows in the Ministry of Public Finances' accounts (including the third tranche of the loan from the European Commission), income from the management of foreign exchange reserves, a.s.o.;* EUR 1,545 million outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, payments from the European Commission's account, interest and principal payments on public and publicly guaranteed external debt, a.s.o.
This is the fifth tranche of the loan approved by the IMF for Pakistan under a Stand-By Agreement
in November 2008 when Pakistan faced a balance of payments crisis.
The debt payment was a requirement of the IMF that had delayed signing the stand-by agreement
for this quarter awaiting the cancellation of the debt.
Zachau said a new stand-by agreement
with IMF could bring external financing and lower the government's dependence domestic borrowing.