image description
image description
Tell A Friend

FinancialNews


  • 05-10-10

    IMF extends $741m loan to Iraq

    (MENAFN) The International Monetary Fund (IMF) said that it has agreed to provide Iraq with a $741 million loan, citing the country for its economic stability, part of a $3.7 billion loan that has been agreed to in principle, AP reported. The IMF said in a statement that Iraq has continued to make good progress in rebuilding key economic institutions and maintaining macroeconomic stability, under very difficult circumstances. About 90 percent of Iraq's income comes from its oil industry. It is struggling to rebuild, however, after seven years of armed conflict.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved