Iraq completes first phase of standby credit agreement with the IMF

Thursday 15 September 2016-10:29 am


The Iraqi Prime Minister's Advisor for fiscal policies the appearance of Mohammed Saleh today الخميس٬ that Iraq has finished the first stage obligations of standby credit agreement with the International Monetary Fund from several stages involving 13 was committed to the agreement to give Iraq a loan financially worth 3.5 billion dollars.

Saleh said in remarks followed Marbad phase standby credit agreement with the International Monetary Fund several reform requirements of standards العراقي٬ economy الاداء٬ الماليه٬ administration reform and reform of some القوانين٬ and العامه٬ budget structure procedures and maintain a Reserve Bank المركزي٬ all of Iraq commitment.

Saleh said standby credit agreement with the International Monetary Fund, which agreed to give Iraq 3.5 billion worth of financial loan دولار٬ includes 13 consultation or التزام٬ Iraq and IMF audit concluded there would be الاولي٬ reviews coming in early October in Washington.

He continued in favour after each revision is launching part of Iraq's financial loan according to الاتفاق٬ and expect to receive the second installment of the financial loan Iraq next month (without revealing its value).

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