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BatmaninIraq
05-17-2016, 09:27 PM
Iraq announces obtaining loan of $13 billion from IMF
May 17, 2016

Iraq announces obtaining loan of $13 billion from IMF

Baghdad – On Tuesday, an informed source announced, that Iraq obtained a loan of 13 billion US dollars from the International Monetary Fund.

The source said in a statement received by IraqiNews.com (http://iraqinews.com/), “Today, Iraq obtained a loan of 13 billion US dollars from the International Monetary Fund, with an interest rate of 1.5%.”

Noteworthy, Iraq is seeking to borrow from the International Monetary Fund to fill this year’s budget deficit that reached 25 trillion dinars, after the notable decline in oil prices.