Iraq is seeking to attract loans by $ 15 billion over two years

by **Rocky** Tue 17 May 2016, 3:49 am

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Iraq is seeking to attract loans by $ 15 billion over two years

by Rocky Tue 17 May 2016, 3:49 am

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Iraq is seeking to attract loans by $ 15 billion over two years

 term translation *

Ali said the Keywords, Governor of the Central Bank of Iraq, the likely launch of a loan from the International Monetary Fund worth $ 15 billion in aid for Iraq this year and next. What will help him in the reform of financial affairs that were damaged as a result of the collapse of oil prices and the war with the militants Daash.
He Keywords, during an interview in Beirut, said he expected Iraq took $ 10 billion in aid from theInternational Monetary Fund, as well as a pledge from the Group of Seven that will meet in Tokyo this month $ 5 billion, he said , "will discuss support for Iraq, but that the extent of their belief in the commitment of Iraq under the IMF agreement. in this way the whole what Setslmh Iraq $ 15 billion and possibly more in 2016 and 2017." on
the other hand being Monetary Fund officials are in talks with the Iraqi government this week in Jordan on ready - loan deal, and if the success of the talks , Iraq will be the first major oil producer in the Middle East that a loan agreement with the international Monetary Fund.
the reduction of oil producers from Venezuela to Riyadh spending to cope with the collapse in oil prices, while for Iraq, the challenge is doubly because of the costly war against Daash group that seizes tracts of thecountry 's territory to establish the alleged succession.
as the country plunges into political turmoil , with hundreds of protesters to drop the concrete barriers and broke into the green Zone in Baghdad - which is home to embassies and the Iraqi parliament important government departments - on the thirtieth of April calling for greater efforts to combat corruption and sectarianism in the appointment of ministerial posts.
Keywords and said the unrest did not affect the progress of the talks with the international Monetary Fund.Were classified Iraq ranked (b) in global assessments, ie , the lowest in six degrees of investment grade.
As bond yields fell euro - amounting to $ 2.7 billion due in 2028-33 points this year to 10.4%, according to data from Bloomberg.

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