Iraq reaches deal with IMF for $5.4-billion loan

Iraq reaches deal with IMF for $5.4-billion loan Baghdad (AFP) May 19, 2016 - Crisis-hit Iraq reached a deal with the International Monetary Fund Thursday for a $5.4 billion loan that could give donors enough confidence to unlock further financing, a statement said. The three-year stand-by arrangement was reached by the Iraqi government and IMF in Jordan after a week of talks, the monetary institution said. "Under the arrangement, and subject to the approval of th ... more

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