Latest Economy News

(IraqiNews.com) Baghdad – The Canadian government has pledged to provide 200 million US dollars to Iraq through World Bank during its co-hosting of a major meeting in Washington on Wednesday to discuss the Middle East country’s current and long-term needs. The Canadian Minister of International Development Marie-Claude Bibeau, in a statement said, “Canada has pledged to prov

(IraqiNews.com) BAGHDAD – International Monetary Fund (IMF) has approved a three-year $5.34 billion loan for Iraq. The loan is focussed on implementing economic and financial policies to help Iraq cope with lower oil prices and ensure debt sustainability. In a statement issued by the IMF it was mentioned that the loan would be provided under the ‘Stand-By Agreement’ facility

Iraqi economy faces double shock of lower oil prices, rising security challenges IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability Program includes measures to protect the poor, curb corruption The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country c

BAGHDAD — The United States has extended a $2.7-billion credit facility to Iraq for the purchase of military equipment amid the ongoing fight against the Islamic State group. The U.S. Embassy in Baghdad said Wednesday that the deal gives Iraq a one-year grace period and eight and a half years total to pay for its purchases of ammunition and maintenance of its F-16s and M1A1

WASHINGTON: The International Monetary Fund (IMF) announced a $5.34 billion programme for Iraq on Thursday to help strengthen the country’s finances, hit by the crash in oil prices and the fight against the Islamic State group. The IMF said the three-year loan will see $634 million immediately allocated to Baghdad, which needs the money to stabilise its balance of payments and