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Iraq is the fifth most borrowing country from the International Monetary Fund

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rocky
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Iraq is the fifth most borrowing country from the International Monetary Fund

Post by rocky on Thu Oct 12, 2017 8:52 am

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2017/10/12 11:40




(Encyclopedia of this day for [You must be registered and logged in to see this link.]- "Roudao - Arbil Economic Stability", "Restoring Sustainable Economic Growth" and "Addressing Balance of Payments Problems" - many roles at the heart of the International Monetary Fund's lending activity to help member countries deal with their economic crises. , The International Monetary Fund does not provide loans to finance specific projects, but to countries that may face foreign exchange shortages to give them the time to correct economic policies and restore growth without resorting to actions that harm themselves or other member economies. The loan program signed with Egypt in 2016, for a period of 3 years, is primarily linked to economic reforms, including the reduction of subsidies and the increase of taxes and the floating of the pound. However, it was noteworthy that Egypt has acquired a significant share of the total loans granted during the fiscal year 2017, Valued at $ 11 million. 8 billion dollars, ranking second in the list of 15 countries, after Mexico "85.5 billion dollars." Colombia is third with a loan of $ 11.22 billion, Poland and Iraq fourth and fifth respectively with loans of $ 8.9 billion and $ 5.2 billion. These loans are out of the 15 agreements approved by the International Monetary Fund (IMF) under the non-concessional financing facility with a total value of US $ 134.7 billion during the fiscal year 2017.








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