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(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

Iraq began a three-day national mourning on Monday for victims of Sunday’s car bombing attacks in Baghdad as the toll rose to 180. The Islamic State terrorist group has claimed responsibility for Sunday’s suicide bombing in central Baghdad shopping area of Karrada, which also left over 230 people injured, Efe news reported. In a statement on social networks, the IS said the at