Official statement: Iraq and the International Monetary agreement to prepare the credit

History of edits:: 2016/5/19

[Wayne - Baghdad]

The Ministry of Finance announced 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.

Said in a statement received by all of Iraq [where] a copy of the negotiations concluded after noon on Thursday between the government delegation headed by the minister, Hoshyar Zebari, and the participation of the central bank governor and adviser economic prime minister and leading experts in the financial, oil and planning, electricity and experts of the International Monetary Fund and the ministries. "

He added that "resulted in the negotiations, agree on a program to prepare the credit arrangements, which provides financial support for Iraq during the next three years, enabling it to continue to provide the war on entity Daash terrorist edit Iraqi soil requirements of 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.