Editor Hossam Al - Khafaji - Thursday 24 August
Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh , said Thursday that Iraq will get about $ 16 billion to fill the budget gap, indicating that the readiness credit agreement with the IMF will continue until mid 2019.
Saleh said in an interview with Alsumaria's News, "Iraq will get through the agreement with international organizations and the seven countries on the approximately $ 16 billion to bridge the budget gap in Iraq, which is close to the financial gap in the budget estimated at 18 billion dollars.
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Saleh added that "Iraq signed on July 7, 2016 with the International Monetary Fund agreement credit readiness to provide a loan of $ 5.3 billion," noting that "Iraq so far withdrew from the loan nearly two billion dollars."
He added that "the agreement with the International Monetary Fund will continue until mid-2019 and by 36 months," noting that "the loan will be a soft rate of 1.5% per annum and a repayment period of five years and a grace period of two years."
Saleh said that "the World Bank will also provide Iraq with a loan of three billion dollars, in addition to a loan from the Group of Seven industrialized countries and $ 4.2 billion, as well as the postponement of 4.6 billion dollars resulting from compensation of the war in Kuwait ."
Saleh pointed out that "
In July 2016, the Executive Board approved the US $ 5.34 billion credit standoff in Iraq's economic reform program.
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