The International Monetary Fund will lend Iraq $ 5.34 billion

Baghdad-Iraq Press -8 July: The IMF approved, to grant Iraq credit line worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against terrorism.



The fund said in a statement, " The Iraqi government will happen in the case on an initial loan of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan for three years."

The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying: "Iraq 's economy has suffered severely from the double trauma of the attacks Daash sharp decline in oil prices."

Fund expressed in his statement expressed concern about the arrears , especially the "big" accumulated on Baghdad , which is struggling to meet its financial obligations.

The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the rapid financing instrument program Alsabak.anthy (1)


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