Moody’s: Iraq’s agreement with the International Monetary positive and reduce its budget problems
Moody’s: Iraq’s agreement with the International Monetary positive and reduce its budget problems
14/7/2016 13:11
[Where – Follow – up]
and Moody’s credit rating agency said on Thursday unconditional worth $ 5.34 billion loan agreement with the International Monetary Fund will reduce the financial difficulties and balance of payments problems faced by Iraq.
The agency said in a statement that ” a positive agreement of the credit because it will improve liquidity at a time of financial risks rise and those relating to the balance of payments.”
He added that ” the agreement has been ratified by the International Monetary Fund last week has allowed Iraq to obtain additional international aid worth $ 15 billion over the next three years to support the economy , which has been affected by the fall in oil prices since mid – 2014 in addition to the charge of the battle being waged against the country Daash. ”
alliraqnews.com
