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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq announces the payment of the last installment of the International Monetary Fund loan

    Rocky
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    Iraq announces the payment of the last installment of the International Monetary Fund loan Empty Iraq announces the payment of the last installment of the International Monetary Fund loan

    Post by Rocky Fri 17 May 2024, 6:48 am

    [rtl]Iraq announces the payment of the last installment of the International Monetary Fund loan[/rtl]

    Policy  ,  05/16/2024 19:02  Number of readings: 339 
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    [rtl]Baghdad - Iraq today: [/rtl]
    [rtl]Today, Thursday, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, outlined the loans provided by the International Monetary Fund to Iraq since 2003, and while he indicated that their total did not exceed $8 billion, he confirmed that they had been paid in full.[/rtl]
    [rtl]Saleh told the Iraqi News Agency (INA): “Since 2003, the International Monetary Fund has provided several loans to Iraq that were aimed at supporting macroeconomic stability and implementing financial reforms. Between the years 2003 and 2021, Iraq obtained several financing programs from the International Monetary Fund, including This includes emergency loans and relatively long-term financial assistance.”[/rtl]
    [rtl]He added, “In the first years after 2003, the Fund provided significant support to Iraq through various programs, including the SBA Credit Readiness Program and the Rapid Financing Instrument. For example, in 2016, the International Monetary Fund approved an SBA Credit Readiness Program worth 5.34 Billions of dollars to support economic reforms in Iraq, and Iraq received two-thirds of the above amount, and it was paid in full within five years.”[/rtl]
    [rtl]Saleh continued, “In 2021, Iraq requested an emergency loan worth $6 billion from the International Monetary Fund, and it appears that the loan was not materialized because it was not linked to one of the Fund’s programs at the time,” noting that “methods of cooperation with the International Monetary Fund have been targeted to support government reforms.” And confronting the economic crises that resulted from the decline in oil prices, which were linked to fluctuations in the balance of payments and its effects on economic activity.”[/rtl]
    [rtl]The Prime Minister's Advisor for Financial Affairs stated, “Since 2003, the value of the loans and financial aid granted by the International Monetary Fund to Iraq has amounted to several billion dollars, and their total does not exceed 7 to 8 billion dollars, and they have been repaid in full, with a focus when granting loans on implementing programs related to “By supporting macroeconomic stability and implementing the necessary financial reforms.”[/rtl]
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    [/rtl]
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