The IMF provides emergency assistance to Iraq worth $ 1.2 billion

Editor Mustafa Saad - Friday July 31, 2015 10:06


Alsumaria News / Baghdad
Presented the International Monetary Fund emergency aid to Iraq $ 1.2 billion to face the economic consequences resulting from the organization "attack Daash "and the deterioration of oil prices.

The IMF said in a statement seen by, Sumerian News , "This is a loan that will be repaid immediately would help Iraq in the face of this double shock suffered by the budget of the Iraqi state and caused reduction of monetary reserves.

Mtsuhiro Vorosawa one Assistant Directors of the International Foundation wrote in a statement that "the double shock of the attack, the organization and the deterioration of world oil prices exacerbated the inability of the state in the form of serious and caused the reduction of international reserves."

The Fund said that this assistance will allow the face of Iraq "urgent needs" to finance the country.

The fund was awarded Iraq in 2010, credit line worth 3.5 billion dollars ended up in the beginning of 2013.

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