A potential $ 15 billion loan to Iraq of international lenders 3-29
A potential $ 15 billion loan to Iraq of international lenders Posted: 29.03.2016 | 15:00 GMT | Last updated: 29.03.2016 | 15:10 GMT
Head of the IMF mission in Iraq, Christian Gooch said on Tuesday, March 29 / March, the Fund has agreed to grant a loan of Baghdad's demand for a period of 3 years, by June next year.
He added Gooch told "Reuters" that if an agreement is reached during the meetings to be held in Washington during the month of April / April next, Iraq will receive under the agreement to finance the estimated $ 15 billion, a third of the International Monetary Fund and the rest from international institutions and other donors.
Gooch said that Iraq had made good progress in the talks, which began last November on loan demand for three years, adding that the amount could come from several sources, including the IMF and the World Bank and the Gulf states and the United States and the Group of Seven adults.
He said the head of mission "if introduced amendments to make ends believe that Iraq would need funding of $ 15 billion over three years," predicted that Iraq gets a $ 5 billion at least this year and the rest by the end for the funding.
For his part, Finance Minister Hoshiyar Zebari said on Tuesday, March 29 / March, that his country is waiting to receive a financial aid worth $ 6.4 billion this year from donors and international institutions.
Zebari said the agency "Reuters" after talks with officials from the International Monetary Fund in Jordan, "This year we expect the International Monetary Fund and other financial institutions and donor aid by about $ 6.4 billion."
Iraq earns almost all of its revenues from oil sales, and finds it difficult to pay off its obligations in light of the decline in world crude prices.