Moody 's : IMF agreement would reduce the budget problems in Iraq

Views 36 Date 07/14/2016 - 20:18
Economy News / Baghdad ...

Agency} {Moody's credit rating on Thursday said that a conditional loan of $ 5.34 billion agreement with the International Monetary Fund will reduce the financial difficulties and balance of payments problems faced by Iraq.

The agency said in a statement seen by "Economy News" Today "positive agreement of the credit because it will improve liquidity at a time of rising financial risks and those related to the balance of payments."

The agreement has been ratified by the International Monetary Fund last week was Iraq allows for additional international aid worth $ 15 billion over the next three years to support the economy, which has been affected by the fall in oil prices since mid-2014 in addition to the charge of the battle being waged against the country Daash.

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