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Iraq gets two loans from the International Monetary Fund over the next few months
Wednesday, April 29, 2015
BAGHDAD / Baghdadi News / According to the appearance of Mohammed Saleh, Prime Minister Haider al-Abadi for economic affairs adviser, on Wednesday, for near Iraq for two loans from the International Monetary Fund.
Saleh said in an interview with / Baghdadi News / "The task of consultations in Washington about borrowing between Finance Minister Hoshyar Zebari and Governor of the Central Bank on the Keywords one hand, and members of the International Monetary Fund on the other."
Saleh added that "the International Monetary Fund agreed to grant Iraq a loan of $ 800 million is spent on essential aspects of life such as education, health and administrative displaced benefits does not exceed 1%."
Saleh pointed out that "Iraq is a founding member since 1945 of the Fund, and has a good share of it, and that comes from within the loan agreements, which provides support for financially troubled members of the Fund."
Saleh pointed out that "the year's budget law in 2015 authorized the Minister of Finance to continue to borrow to meet the projected shortfall in the federal budget of the International Monetary Fund, complementing the amount of $ 4.5 billion," noting that "the Fund had agreed to give Iraq a loan of $ 4.5 billion in 2009 following a drop in oil prices at the time, "adding that" Iraq did not withdraw from the loan only $ 1.7 billion of it. "
Saleh stressed that "the Iraqi side agreed with the IMF in Washington to complete a loan for Iraq, and that there are only simple administrative procedures."
He predicted that the benefit of "distracted IMF loan in the next few months." It ended 21 / l
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Wednesday, April 29, 2015
BAGHDAD / Baghdadi News / According to the appearance of Mohammed Saleh, Prime Minister Haider al-Abadi for economic affairs adviser, on Wednesday, for near Iraq for two loans from the International Monetary Fund.
Saleh said in an interview with / Baghdadi News / "The task of consultations in Washington about borrowing between Finance Minister Hoshyar Zebari and Governor of the Central Bank on the Keywords one hand, and members of the International Monetary Fund on the other."
Saleh added that "the International Monetary Fund agreed to grant Iraq a loan of $ 800 million is spent on essential aspects of life such as education, health and administrative displaced benefits does not exceed 1%."
Saleh pointed out that "Iraq is a founding member since 1945 of the Fund, and has a good share of it, and that comes from within the loan agreements, which provides support for financially troubled members of the Fund."
Saleh pointed out that "the year's budget law in 2015 authorized the Minister of Finance to continue to borrow to meet the projected shortfall in the federal budget of the International Monetary Fund, complementing the amount of $ 4.5 billion," noting that "the Fund had agreed to give Iraq a loan of $ 4.5 billion in 2009 following a drop in oil prices at the time, "adding that" Iraq did not withdraw from the loan only $ 1.7 billion of it. "
Saleh stressed that "the Iraqi side agreed with the IMF in Washington to complete a loan for Iraq, and that there are only simple administrative procedures."
He predicted that the benefit of "distracted IMF loan in the next few months." It ended 21 / l
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