Iraq received the first tranche of IMF loan

13/07/2016 18:24
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Long-Presse / Baghdad

Financial advisor to the Prime Minister, Iraq took the first meal of the IMF loan, and while noting that the value of more than $ 600 million, noting that the money will go into the gates of the budget announced the appearance of Mohammed Saleh, said Wednesday.

Saleh said in an interview with (long-Presse), he said that "delivered to Iraq, on Tuesday, the first batch of allowance for Iraq from the International Monetary Fund for a loan worth 634 million dollars," noting that "this amount is part of the original loan of up to 5.3 amount Billion dollar".

Saleh added that "the money will enter the doors of the federal budget, specifically for the displaced, education and health."

The Finance Minister Hoshyar Zebari announced on 19 May 2016, to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years, confirmed the bank's governor CBI, on the Keywords that the annual interest rate of the loan is up to 1.5%.