Iraq received $ 600 million from the International Monetary Fund in the next September

Economy 06/03/2016 13:06


Finance Minister Hoshyar Zebari on Friday that Iraq will receive a $ 600 million first installment of IMF loan through next September.

He Zebar in a statement to Reuters that "it is expected to receive Iraq's $ 600 million in the next month of September from the International Monetary Fund, the first batch of US $ 5.4 billion in promised international organization to extradite him over three years under an agreement announced last month loan."

Zebari said that "it is also expected to sell bonds worth two billion dollars during the last quarter of this year, when the international financial aid begins to come to Iraq," noting that "this measure will help the country to reduce the cost of borrowing."

http://www.radionawa.com/arabic/view.aspx?n_=45699&m_=25

Zebari: Sntzlm $ 600 million from the International Monetary Fund in September next


Author: AR, HAA
Editor: AR
03/06/2016 12:34



Long-Presse / Baghdad

Finance Minister Hoshyar Zebari on Friday that Iraq will receive a $ 600 million first installment of IMF loan through next September, as expected sale of bonds worth two billion dollars during the last quarter of this year.

Zebari said in a statement to Reuters, seen by (long-Presse) that "Iraq is expected to receive $ 600 million in the month of September from the International Monetary Fund, the first batch of US $ 5.4 billion loan promised to the international organization to extradite him over three years under an agreement announced by month the past".

Zebari added that "it is expected to sell bonds worth two billion dollars during the last quarter of this year, when the international financial aid begins to come to Iraq," noting that "this measure will help the country to reduce the cost of borrowing."

The Minister of Finance that "the procedures that we follow regarding fiscal management reforms with the help of the fund will help strengthen our credit ratings, and we get the best interest rates."

http://www.almadapress.com/ar/news/71239/زيباري-سنتسلم-600-مليون-دولار-من-صن

Finance Minister: Iraq plans to sell bonds two billion dollars

History of edits:: 2016/6/3 11:16

{Baghdad} Euphrates News said Finance Minister Hoshyar Zebari said "Iraq expects to sell international bonds worth two billion dollars in the last quarter of this year, when the international aid begins to flow, it will help to reduce the cost of borrowing on Baghdad.

Zebari said in a press statement that "Iraq is a member of the Organization of Petroleum Exporting Countries {OPEC} expects to receive $ 600 million in September from the International Monetary Fund, the first of facilitating a $ 5.4 billion down payment where he is expected to get by Iraq from the fund over three years under the agreement was ready it was announced last month. "

Iraq has been seeking international support after shrinking revenues due to the oil price collapse two years ago, where the government relies on oil for 95 percent of their income.

The last time selling the Iraq international debt instruments in 2006 when he issued bonds by about $ 2.7 billion for the year 2028 until the interest rate of 5.8 percent.

She and Kalta Moody's and Fitch Ratings last month that Iraq's agreement with the International Monetary Fund and a positive side also gave the credit rating Fitch B- Iraqi credit long Alogel.


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