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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