IMF-gives Iraq a loan of $15 billion securities cert. to deal w/ international banks
Stand-give Iraq a loan of $ 15 billion securities certificate to deal with international banks
Section: page economic
May 19, 2016 19:58
Grant the International Monetary Fund and World Bank Iraq, according to the agreement to prepare the credit loan of $ 15 billion, in addition to a financial certification by the IMF gives him a chance to deal with all international banks with high confidence.
The finance ministry announced in a statement today, the conclusion of negotiations between the government delegation and the International Monetary Fund, and come to prepare the credit agreement [SBA] at the expert level.
He said that resulted from the negotiations, the agreement on the standby credit arrangement program, which provides financial support for Iraq during the next three years, enabling it to continue to provide the war requirements of the entity Daash terrorist edit Iraqi territory from the claws and deficit reduction and financial gap and achieve financial and economic reform real. "
Ministry said that "the government delegation was keen that this program does not affect the government spending in the area of social and health services and education and a network of social welfare programs and humanity."
And reportedly obtaining Iraq, last Tuesday, a loan from the International Monetary Fund worth $ 13 billion with interest estimated at 1.5 percent.
As governor of the Iraqi Central Bank [agency] on the Keywords that Iraq will receive loans from the International Fund for up to $ 15 billion in the next two years.
And between Keywords in a newspaper interview, "Iraq is expected to happen this year at $ 7 billion or more, and in principle in the next two years could be that Iraq gets $ 15 billion, and these amounts can say that they have become almost certain."
An Iraqi government delegation senior headed by Finance Minister Hoshyar Zebari held talks since last Saturday in the Jordanian capital Amman with the International Monetary Fund in order to conclude the credit readiness will provide Iraq with financial support to enable it to overcome the financial crisis and reduce the gap in the budget so as to enhance the economic and financial system reform process of agreement in the country.