Tag Archives | International Monetary Fund (IMF)

IMF may offer Major Loan to Iraq

By John Lee. The International Monetary Fund (IMF) may provide a large loan to Iraq to help stabilize the country’s finances, a senior IMF official has told Reuters. Masood Ahmed (pictured), Director of the IMF’s Middle East and Central Asia Department, said an IMF team will discuss with Iraqi officials early next month how to […]

IMF Approves $1.24bn Financial Support for Iraq

On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 891.3 million (about US$1.24 billion or 75 percent of quota) for Iraq under the Rapid Financing Instrument (RFI). The purpose of this financial assistance is to help Iraq address present and urgent balance of payment and budget needs in 2015 […]

Iraq to Issue $5bn in Bonds

By John Lee. Finance Minister Hoshyar Zebari (pictured) said on Wednesday that Iraq has decided to issue $5 billion in international bonds, as it attempts to finance a budget deficit of $25 billion for the current year. He told reporters in Washington that negotiations were in progress with Citibank and Deutsche Bank, but according to […]

Iraq in Discussions with IMF

By John Lee. Iraqi Finance Minister Hoshiyar Zebari has confirmed that Iraq is discussing its financial situation with the International Monetary Fund (IMF). Speaking on the sidelines of a conference in Kuwait on Tuesday, Zebari did not elaborate on what aid might be provided, but according to the report from Reuters he has previously said […]

Iraq Economy to Shrink by Less than Expected

The International Monetary Fund (IMF) has issued its findings following a recent visit to Iraq. End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the […]