Iraq: We do not need loans from the International Monetary Fund
Shafaq News/ The Iraqi government announced on Thursday that there is no need to borrow from the International Monetary Fund, describing at the same time the relationship between the two sides as “very good.”
Iraqi Finance Minister Ali Abdul Amir Allawi said in a press conference held at the ministry building in Baghdad and attended by Shafak News Agency, “We do not need loans from the International Monetary Fund now, after we needed nearly 4 billion dollars under the category of economic reform after the improvement of the financial situation.” Noting that “our relationship with the IMF is very good.”
And he added, “There are three axes for obtaining loans from the Fund. First, the corona loans we did not need, the economic reform loans we needed, and the loans to cover the large financial deficits of countries we did not need.”