The credit ratings agency: Iraq is agreement with the IMF for a positive credit rating

History of edits:: 05/23/2016 20:26

[Oan- follow - up]

and the credit ratings agency said [Moody], if the agreement concluded by Iraq and the International Monetary Fund, last week, regarding loan demand worth 5.4 billion dollars , a positive credit rating and will improve the liquidity of the government strapped to it.

According to Moody 's said in a statement, " The agreement will help Iraq to finance the budget deficit and the current account deficit."

It may provide an agreement that was reached last Thursday of additional international aid worth $ 15 billion over the next three years to support an economy hit by the drop in oil prices since mid - 2014 and costly war against al Daash.