Iraq received $ 2.5 billion from the first installment loans



Views 262 Added 11/02/2016 - 17:54

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Undersecretary of the Ministry of Finance Fadhil Nabi Othman, Wednesday, Iraq's success in out of the financial crisis experienced by, and earn the confidence of the IMF and the Bank of Seven countries to lend amounts in excess of $ 12 billion, pointing out that Iraq will receive the first batch of loans next month.

Osman said in an interview I followed "Economy News", "The crisis exists but it is not as in the past due to high oil prices again, because Iraq was in the beginning of the year sells a barrel up to $ 22 and now Iraqi oil global price rose seven dollars, so the things turned for the better. "

Osman said that "Iraq will take over next month, one billion dollars from the World Bank, and $ 800 million from seven countries, and more than $ 800 million from the International Monetary Fund, in the sense that he will enter the state treasury $ 2.5 billion."

The undersecretary of the ministry, that "the stock of central bank fine and reassuring and tally more than expected, and Iraq is still in crisis and moves out of them, and according to expectations, the price of oil will reach (5060) the year of $ 2020, but new forecasts confirm that during the next six months will rise again and in return we have reduced expenses were raising non-oil revenues significantly and reassure citizens that Iraq's okay. "


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