Iraq Receives $440m Loan from IMF

The Iraqi Finance Ministry has received $440 million as a loan from the International Monetary Fund

“The loan is processed according to an agreement between the two sides through which Iraq should get an amount of $3.6 billion in total from the International Fund Monetary,” the Iraqi ministry said in a release on Wednesday received by Aswat al-Iraq news agency.

It noted that the $440 million is the first tranche of the total amount.

“Other payments are coming later this year,” the statement explained.

( Aswat Al Iraq )

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