IMF lends Iraq $ 800 million went to borrow 3 billion
IMF lends Iraq $ 800 million went to borrow 3 billion
Date: 04/27/2015 18:18
Information / special / ..
Economic Adviser to the Prime Minister announced the appearance of Mohammed Saleh, on Monday, for the approval of the International Monetary Fund to lend Iraq $ 800 million with the government’s orientation for future borrowing from the IMF three billion dollars.
Saleh said in a statement to the Agency / information / that ” Finance Minister Light International Monetary Fund in order to lend Iraq $ 800 million in urgent loan and got approval to do so to be paid by Iraq over three years and an interest rate of 1%. ”
He added that “the current year’s budget contains a clause Iraqi government authorizes borrowing from the IMF to meet the distress Finance for the current year. ”
And Saleh said, “there is a tendency future Iraqi government to borrow from the IMF amount of three billion dollars during the current year and would be paid over three years and at interest rates of 1%.”
He pointed out that “the IMF condition of improving the Iraqi economy and spending cuts in return Iraq to grant loans requested. ” Finished / 25
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