Iraq to Receive $1.2Bln Emergency Loan - World Bank
18.12.2015)

The World Bank said that Iraq will borrow more than one billion dollars to stabilize the country's economy amid decreasing energy prices.

WASHINGTON (Sputnik) Iraq will borrow more than one billion dollars to stabilize the country's economy amid decreasing energy prices, the World Bank said in a press release.

"A US $1.2 billion loan will support Iraq in strengthening fiscal stabilization and improving efficiency in the energy sector to help counter the effects of the drop in oil prices and rising security costs," the release stated on Thursday.


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