BAGHDAD / News Network Iraq , financial advisor to the Prime Minister revealed the appearanceof Mohammed Saleh, on the conditions of the International Monetary Fund for lending to Iraq nearly $ 5.5 billion. Saleh said in a press statement today: " The agreement with the IMF on Iraq for a direct loan from the Fund valued at $ 5.5 billion, went toward cost - cutting in the public budget for the current year by about 13 trillion dinars, without prejudice to the ration cards and anetwork of social welfare and affairs of the displaced. "Saleh added that" the Fund to impose conditions on the Iraqi side in exchange for the loan, including the monitoring body integrity, Officeof financial supervision and devices anti - money laundering in financial transactions, in addition tothe settlement of dues of oil companies and avoid the accumulation of dues , "he said , adding that"the international Monetary conditions also included a full income and allowances of senior staff subject to income tax, and the exclusion of the armed forces and junior staff of the Income tax allocations. "Saleh revealed that" the benefit of this loan does not exceed 1.5% per annum and for aperiod to allow more than two years , exempting from the payment, to be repaid over five years from the date collected and according to the semi - complex mechanism, "returned to" the loan will open the door for industrial countries (G7) to lend Iraq amounts of up to $ 15 billion, and favorable terms. "the Finance Minister Hoshyar Zebari, announced last Thursday, to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial aid up about $ 15 billion over the next three years, Governor of theCentral Bank of Iraq, on the Keywords confirmed that the annual interest rate of the loan is up to 1.5%.