Tuesday April 28, 2015 13:48
Prime Minister stressed adviser appearance of Mohammed Saleh , on Tuesday, thatIraq is holding consultations with the International Monetary Fund for emergency financial assistance worth $ 800 million, with explained that the loan will be available to Iraq at any time and without conditions, confirmed that reimbursed will be in three years and an interest rate of simple of 1%.
Saleh said in an interview with the Sumerian's News, "The consultations are still ongoing between the Central Bank and the IMF on offer emergency financial assistance to Iraq, called the financing vehicle accelerated $ 800 million," explaining that "the objective of the loan is the face of fluctuations in the balance of the Iraqi payments following the decline oil prices. "
Saleh added that "the loan will be available to Iraq at any time, not the conditions and will be repaid over three years and an interest rate of roughly 1%," noting that "Iraq can complete a loan of between 2-3 billion dollars, and reported within the 2015 budget." .
Saleh continued, that "Iraq is a member of the IMF since 1945, and therefore, the objectives of the Fund is the international financial stability," stressing that "the March fund his duties and his work after that States shaken as a result of the decline in world oil prices."
The Ministry of Finance announced in, (April 21, 2015) that it had agreed with the International Monetary Fund to provide emergency financial assistance to Iraq after the technical meetings conducted by the parties, indicating that the goal is to reduce public expenditure.
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