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The Central Bank announces the delivery of Iraq more than four billion dollars (IMF)

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Rocky


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The Central Bank announces the delivery of Iraq more than four billion dollars (IMF)


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Economy News _ Baghdad

BAGHDAD (Reuters) - Iraq's central bank said on Thursday that more than four and a half billion dollars from the International Monetary Fund and the World Bank, along with the seven major industrialized nations and international organizations and institutions, would be available as soft loans to help Iraq overcome its financial crisis.

"The volume of the amounts of this international agreement with Iraq as loans and grants of up to 15 billion dollars for the years 2016, 2017 and 2018, and each review ends quarterly with a positive report, specific payments are made," the central bank governor said.

"Iraq is receiving $ 850 million from the International Monetary Fund, $ 1 billion from the World Bank, 3 billion from the seven major industrialized countries and international organizations and institutions," he said.

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2 Iraq receives $ 4 billion in soft loans (IMF) on Thu Aug 24, 2017 5:07 am

Rocky


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Iraq receives $ 4 billion in soft loans (IMF)



24/08/2017
BAGHDAD (Reuters) - Iraq's central bank announced on Thursday that Iraq was to receive more than four and a half billion dollars from the International Monetary Fund and the World Bank, along with the seven major industrialized nations and international organizations and institutions as soft loans.

"The size of the amounts of this international agreement with Iraq as loans and grants of up to 15 billion dollars for the years 2016, 2017 and 2018, and each review ends quarterly with a positive report, specific payments are made," the central bank governor said.

"Iraq is receiving $ 850 million from the International Monetary Fund, $ 1 billion from the World Bank, 3 billion from the seven major industrialized countries and international organizations and institutions," he said.

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Iraq is preparing to receive about 5 billion dollars (IMF)



24/8/2017 12:00 am

Baghdad / Tareq al-Araji
BAGHDAD (Reuters) - Iraq's central bank has announced that Iraq will receive more than four and a half billion dollars from the International Monetary Fund and the World Bank, along with the seven major industrialized nations and international organizations and institutions as soft loans to help Iraq overcome its financial crisis. The governor of the Central Bank of Iraq Ali Alalak said in a statement to the "morning": "The volume of the amounts resulting from this international agreement with Iraq as loans and grants amounting to 15 billion dollars for the years 2016, 2017 and 2018, and each review ends quarterly with a positive report is the launch of specific payments. "Iraq is receiving $ 850 million from the International Monetary Fund, $ 1 billion from the World Bank, 3 billion from the se

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Rocky


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Abadi adviser: Iraq will get about 16 billion dollars to bridge the budget gap



Editor Hossam Al - Khafaji - Thursday 24 August

d
Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh , said Thursday that Iraq will get about $ 16 billion to fill the budget gap, indicating that the readiness credit agreement with the IMF will continue until mid 2019.

Saleh said in an interview with Alsumaria's News, "Iraq will get through the agreement with international organizations and the seven countries on the approximately $ 16 billion to bridge the budget gap in Iraq, which is close to the financial gap in the budget estimated at 18 billion dollars.
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Saleh added that "Iraq signed on July 7, 2016 with the International Monetary Fund agreement credit readiness to provide a loan of $ 5.3 billion," noting that "Iraq so far withdrew from the loan nearly two billion dollars."

He added that "the agreement with the International Monetary Fund will continue until mid-2019 and by 36 months," noting that "the loan will be a soft rate of 1.5% per annum and a repayment period of five years and a grace period of two years."

Saleh said that "the World Bank will also provide Iraq with a loan of three billion dollars, in addition to a loan from the Group of Seven industrialized countries and $ 4.2 billion, as well as the postponement of 4.6 billion dollars resulting from compensation of the war in Kuwait ."

Saleh pointed out that "

In July 2016, the Executive Board approved the US $ 5.34 billion credit standoff in Iraq's economic reform program.

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