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View Full Version : IMF gives Iraq the second installment of the loan of more than $ 3 billion



papa2snbh
10-08-2010, 03:48 PM
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IMF gives Iraq the second installment of the loan of more than $ 3 billion

BAGHDAD Finance Minister Baqir al-Zubaidi, who is currently in Washington that the Board of Directors of the International Monetary Fund agreed on the outcome of the discussions that took place in the first review of the Convention support the third SPA3 that took place in June 2010 between the experts of the Ministry of Finance and Central Bank of Iraq and the IMF experts in Amman.
A statement from the Ministry of Finance said that under this approval have been launched by the Fund's second installment of the loan granted to Iraq and the deep (4.3 billion dollars) has reached the second installment up to (475) million of special drawing rights of the SDR, which is equivalent up to (741) million U.S. dollars.
He added: that the Fund has already released the first batch and the beginning of this year, amounting to up to (453) million U.S. dollars. (النهاية) (End)