The IMF provides emergency assistance to Iraq worth $ 1.2 billion
The IMF provides emergency assistance to Iraq worth $ 1.2 billion
31/07/2015 07:47 GMT
BAGHDAD – and babysit – The International Monetary Fund, urgent assistance to Iraq $ 1.2 billion to face the economic consequences resulting from the organization “Daash” attack and the deterioration of oil prices.
The IMF said in a statement, “This is a loan that will be repaid immediately would help Iraq in the face of this double shock suffered by the Iraqi state budget cuts have caused the cash 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.
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