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View Full Version : Latest on Iraq Loan with the IMF



Brewbaby
03-15-2010, 11:37 AM
Here is the link to the IMF table that shows Iraq has indeed taken some of the money from the loan. I hope I am reading this right. IMO this is good news.

http://www.imf.org/external/np/tre/activity/2010/031110.htm#tab2a

Brewbaby

IRONMAN
03-15-2010, 11:42 AM
Nice! I think so too.

dayda13
03-15-2010, 01:50 PM
Yes, to me it looks like they have taken 297 million? Is that what it looks like to you?

inmarc
03-15-2010, 05:46 PM
The withdrawal is $297 million SDR's which at an average exchange rate of 1 SDR = $1.53 USD is equivalent to $454+ million USD.

dayda13
03-15-2010, 06:42 PM
Thanks inmarc even better

colamex
03-15-2010, 10:21 PM
So the first actual advance under the Feb 24 loan agreement did not happen till the week of March 4.

See http://www.imf.org/cgi-shl/create_x.pl?fa+2010