Iraq’s budget $ 100 billion and the International Monetary Fund begging!!

Iraq’s budget $ 100 billion and the International Monetary Fund begging!!

06-08-2012 08:00 PM

International Monetary Fund announced on his arrival in agreement with Iraq, extended through its loan seven months to February 23, 2013 to enable the Government to implement a set of procedures in the exchange rate regime in the country. A statement by the IMF that the changes to the agreement, which expired on 23 July has the request of the Iraqi government, adding that the ‘total available funding for Iraq amounts to about $ 1.96 billion. ” It is noted that the Executive Board of the IMF had agreed on February 24, 2010 a contract agreement Stand for two years worth of 38.2 billion SDR ‘about 58.3 billion dollars’ also agreed to extend it for five months until July 2012, with modification of exchange based on the shift in funding needs .. The total resources currently available to Iraq under the agreement to the equivalent of 24.1307 million units of Special Drawing Rights’ about 96.1 billion dollars for the long
Source: ahraraliraq