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

Views 91 Date 05/29/2016 - 22:50

Economy News / Baghdad agency said credit ratings, "Moody's", said 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.

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

The agreement allows 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 the costly war against al Daash. AJ

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