Iraq enters the standby credit and get a loan worth $ 15 billion

Economy Since 30/03/2016 11:30 (Baghdad time)

BAGHDAD - balances News
Iraq agreed with the International Monetary Fund, to enter into standby credit program (SBA) for a loan by June, an estimated 15 billion dollars in international aid.

Published Iraq's ambassador in Jordan, Safiya al-Suhail on the front page, "Facebook" and followed up / scales News /, that "the talks between Iraq and the International Monetary Fund concluded that headed the Iraqi delegation, Finance Minister Hoshyar Zebari and the membership of the Central Bank Governor on the Keywords and favor the appearance of a financial advisor Chairman of the Board Ministers, with the participation of Ambassador Alsuhaladavh to a delegation from the international Monetary Fund head of mission in Iraq, Christian Gooch with the participation of experts from the Fund and representatives of the World Bank and the Japanese Agency for international cooperation (JICA) and the US embassy in Baghdad. "

She added, that "the talks between Iraqi and international delegations resulted from the completion of the agreement on the entry of Iraq in standby credit program (SBA) with the International Monetary Fund for a loan under the demand of Iraq by June, which would allow Baghdad to $ 15 billion in international aid over three years the next. "

This contract both sides told a news conference after the meeting stressed during which Gooch said Iraq will receive five billion dollars, at least this year and the rest by the end in order to finance Zebari pointed must speed up Iraq to adopt financial reforms to overcome the crisis caused by low oil prices, the main source of income for the country.

And participated in the final meeting of a number of directors general of finance, planning and oil ministries and the Central Bank of Iraq. Ended 29/4 e