International Monetary distracted for Iraq to $ 617.8 million after the completion of the first review
International Monetary distracted for Iraq to $ 617.8 million after the completion of the first review
06.12.2016 9:51
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International Monetary Fund announced that its Executive Board completed the first review of the implementation of the standby credit agreement with Iraq , held for three years , a deal which aims to assist Iraq in the implementation of economic reform and the restoration of fiscal balance in the medium term program.
The International Monetary Fund said in a statement, said the Executive Board exchange about 617.8 million dollars after the completion of the first review of the economic reform program in Iraq.
The statement pointed out that the program which is supported by the fund include measures to protect the poor and strengthen the stability of the financial sector and curb corruption.
The Executive Board has agreed in July 2016 to around the $ 5.34 billion deal in the history of approval.
The statement said that Iraq ‘s economic reform program supported by the Stand -By agreement aims to address the urgent needs of the balance of payments and access spending to a level commensurate with the decline in global oil prices and to ensure the continuity of religion within the limits of unsustainable.
alliraqnews.com
