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Iraqi Debut Might Reach at 132 Billion U.S Dollars in 2018: the IMF

Iraqi Debut Might Reach at 132 Billion U.S Dollars in 2018: the IMF

A newspaper has published a report of the International Monetary Fund. The IMF predicted Iraqi next year’s debut at 132 billion U.S dollars/ year and mentioned a number of reasons. The report further indicated that debt of Iraq was at 73.1 billion U.S dollars in 2013 and it reached at 122.9 billion U.S dollars in 2017. The report also predicted that the debt of Iraq might reach at 132.4 billion U.S dollars by the year 2018. The economic and financial…

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The IMF Warned to Approve Supplementary Budget or Stop Supporting Iraq: Masood Haider

The IMF Warned to Approve Supplementary Budget or Stop Supporting Iraq: Masood Haider

On Tuesday, a member of the Iraqi Parliamentary Finance Committee MP Masood Haider issued a statement regarding the presence of essential requirements for Iraqi government to approve the complimentary budget prior to end of this month. The supplementary budget includes the amount of investment expenses for the basic reconstruction projects in the liberated areas. He also added that the supplementary budget is essential due to not completion of economic support for Iraq by the International Monetary Fund within a specific…

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Iraq Received $2 Billion from IMF and New Construction of CBI Building

Iraq Received $2 Billion from IMF and New Construction of CBI Building

The Iraqi parliamentary economic and investment commission issued a statement that Iraq will receive 2 billion U.S dollars from the International Fund. It has been assumed that this amount will be considered as a loan from the International Fund in order to financially support the Iraqi government. A member of the commission Najiba Najib said in a press statement that Iraqi government has received one billion 400 million U.S dollars as a loan from the International Monetary Fund in the…

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The IMF & World Bank have Agreed in Resuming Lending to Iraq: Muhammad Saleh

The IMF & World Bank have Agreed in Resuming Lending to Iraq: Muhammad Saleh

The Economic Adviser to the Iraqi Prime Minister, Muhammad Saleh has announced to continue his meeting discussions with the International Monetary Fund in order to make a review of credit agreement because it will provide a loan of 5.4 billion U.S dollars. A number of Iraqi news media outlets quoted the statements of Saleh regarding the launch of a portion of loan estimated at 840 million U.S dollars by the next June. The statement indicated that a delegation of Iraqi…

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Why the World Bank decreased Financial Support for Iraq?

Why the World Bank decreased Financial Support for Iraq?

The Iraqi government is looking to implement the national reconciliation project in the country. This step will be taken due to the conditions imposed by the World Bank for providing financial support for Iraq. It has been interpreted by the financial specialists and observers regarding the retreatment by the financial support by the World Bank in the light of current financial crisis in the country and an increase in the federal budget deficit for the current year. This situation is…

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No Specific Reason to Degrade Iraqi Dinar Value: IMF

No Specific Reason to Degrade Iraqi Dinar Value: IMF

The International Monetary Fund has endorsed a loan of 5.34 billion U.S dollars for Iraq over three years. This loan would ensure debt sustainability and it will be used to support Iraqi financial and economic policies due to the country has been experiencing major financial crisis caused by the continuous decline in the oil prices. A statement issued by the IMF that this loan was provided under the agreement signed between Iraqi government and the IMF and it also includes…

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The First Batch of Loan From IMF Received by Iraq on Tuesday

The First Batch of Loan From IMF Received by Iraq on Tuesday

The Economic & Financial advisor to the Iraqi Prime Minister, Muhammad Saleh has announced that Iraq has received the first financial aid of the IMF loan and its value is amounted at 600 million U.S dollars. He pointed out that this money will be used to overcome the Iraqi budget deficit problem. He further added in a press interview that the IMF has delivered the first batch of loan on Tuesday. This first batch of loan has received by Iraq…

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The IMF Loan Will Decrease the U.S Dollar Price in Domestic Market

The IMF Loan Will Decrease the U.S Dollar Price in Domestic Market

The Parliamentary Finance Committee issued a press statement that new operations have started to manipulate prices of the U.S dollar and blamed that exchange companies and banks are at the back of this process. It was said that these operations will put the amount of loans into the pockets of mafia. Most of the economists predicted that these loans will decrease the exchange rate of the U.S dollar because it would create employment and a meaningful increase in the Iraqi…

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