Iraq receives one billion and 400 million dollars from the International Monetary Fund

A commission of economy and investment parliamentary Sunday receiving Iraq billion and $ 400 million from the International Monetary Fund, while affirming that Iraq’s commitment to the terms and instructions of the Fund and to provide a detailed report on the Iraqi funds.
The committee member Najiba Najib said in a statement that “Iraq has received five billion and $ 400 million loan from the International Monetary Fund for a period of three years,” pointing out that “the financial and economic returns to Iraq from the agreement signed with the International Fund is estimated at 13 billion and 300 million dollars.”
She added that “Iraq is obliged under the Convention to implement the terms and instructions of the International Monetary Fund relating to monetary and fiscal policy and submit a detailed report on Iraqi funds from the reserve and financial Altnaqlat and the work of banks, investment, appointments and loans granted to employees and citizens.”
She noted Najib that “the Iraqi government received one billion and 400 million dollars from the International Monetary Fund out of five billion and $ 400 million paid in the form of payments for a period of three years,” pointing out that “the government will receive US $ two billion from the International Fund at the end of this year and another two billion in the mid-2018. ”

(Source: nnciq)

A senior US official
Beirut conference on finance

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