Middle East Economic Survey
VOL. LIII
No 24
14-Jun-2010
IRAQ
Iraqi Finance Ministry Receives First Installment Of IMF Loan
The Iraqi Ministry of Finance has received the first installment of a $3.64bn loan from the IMF, the ministry said in a statement on 9 June. The loan is part of a two-year Stand-By Arrangement (SBA) that will cover the countrys balance of payments needs, and was approved by the IMF Executive Board on 24 February. The amount is equivalent to 2.38bn in Special Drawing Rights...
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