60840
Iraq Receives $18b From IMF
Iraq Receives $18b From IMF

Iraq Receives $18b From IMF

Iraq Receives $18b From IMF

Iraq has received $18 billion from the International Monetary Fund in instalments, according to the Iraqi Parliament’s economy and investment committee. Meanwhile, Britain approved Sunday a $12 billion loan to Iraq to finance important infrastructure projects, Reuters quoted an Iraqi Finance Ministry source Sunday, Iraqi News reported. Naguiba Naguib, a member of the committee, said in statements on Sunday that half of the IMF amount, which the country received in three installments, was paid to Kuwait as compensation for the 1991 invasion under former president Saddam Hussein. The amount has enabled the Iraqi government to pay for salaries and pensions and secure resources for the treasury, according to Naguib.

 

Short URL : https://goo.gl/AYsncB
  1. https://goo.gl/4I6FL7
  • https://goo.gl/38NQ8j
  • https://goo.gl/NJ5vcI
  • https://goo.gl/WO2YdQ
  • https://goo.gl/TOfqy7

You can also read ...

Bank of Japan Keeps Policy Steady
The Bank of Japan kept its monetary stimulus unchanged...
Sub-Saharan Africa is still the world’s least industrialized region.
While much of Africa has achieved impressive economic growth,...
Asian central banks are not expected to mirror the Fed rate cycle as closely as in the past. The picture shows Indonesia Central Bank.
As the Federal Reserve signals an end to its decade of...
German Ministry Optimistic About Third Quarter Growth
Germany’s economy weakened at the start of the third quarter...
WTO head Roberto Azevedo renews his concerns over worrying political headwinds, especially protectionism.
The World Trade Organization on Thursday upped its forecast...
Russia Overcomes Recession
The national economy is growing and creating a base for future...
China Vexed Over S&P Credit Rating Downgrade
China is angry at Standard and Poor’s following a downgrade of...
ECB: Immigration Boosts Euroland Labor Force
Immigrants have made a large contribution to the working-age...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus