IMF board unbelievable to arrange for Iraq worth $ 5.34 billion

Twilight News / IMF said that its Executive Board approved a new arrangement under the request of Iraq for three years, worth $ 5.34 billion to support Baghdad's efforts in the face of low oil prices and to ensure the ability to service debt.
The IMF said in a statement that approval will allow the immediate disbursement of about $ 634 million under the program. Iraq was awarded in July 2015, about $ 1.24 billion under the previous rapid financing tool program.