IMF likely to lend Iraq $ 15 billion over three years


31/03/2016 - 11:05

BAGHDAD / Economy News ...

He favored the International Monetary Fund, The International Monetary Fund, the possibility of approval to lend Iraq $ 15 billion over three years, through June. While it would provide between five billion of them to believe the rest of other financial institutions and donors, he stressed that Iraq will receive five billion during the current year 2016, and the rest at the end of the agreement period.
The head of the IMF mission in Iraq (IMF), Christian Gooch, in media statements, the Fund has agreed to lend Iraq $ 15 billion over three years, under the Stand-By Agreement "standby arrangements SBA with him, over the next June", pointing out that "the two sides will hold a round of talks on the subject, in Washington DC, during the next April."
He added Gooch, "The fund will provide one-third of the amount of funding, $ 15 billion, to secure the rest from other financial institutions and donors, including the World Bank, the Arab Gulf states, the United States and the Group of Seven industrialized nations G7", expressing his belief that "the Fund if what was agreed with Iraq in the Washington meeting, it is possible to raise the loan agreement to fund body, for approval in June. "

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