Iraq received 2.5 billion dollars as a down payment of loan


02/11/2016-12:54


Finance Undersecretary said Fadhil Nabi Othman, Wednesday, Iraq's success in getting out of the financial crisis, and gain the confidence of the World Bank and the International Monetary Fund and G7 to lend amounts in excess of 12 billion dollars, indicating that Iraq will receive the first batch of loans next month.

Osman said in the interview followed the news economy "to" crisis exists but not as before due to high oil prices, because Iraq was at the beginning of the year to buy $ 22/barrel limits now Iraqi oil in world price rose seven dollars, so things went better. "

Othman pointed out that "next month, Iraq will receive one billion dollars from the World Bank, and $ 800 million from seven States, more than 800 million dollars from the International Monetary Fund, meaning it will enter the State Treasury 2.5 billion dollars.

The Undersecretary stressed that "Central Bank stocked with fine and reassuringly and tally more than expected, Iraq is still in crisis and moves out of them, and by expectations that oil prices will reach $ (50 60) 2020 but new forecasts confirm that during the next six months will rise again, and in return, reduced expenses and non-oil income was raised significantly and assure citizens that Iraq is fine."

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