Sunday, March 20, 2011

Monetary Fund released a slide additional loan to Iraq

 International Monetary Fund said that he would release an extra slice worth $ 471 million for Iraq after completion of the second review of its program for lending to the country. He Nayuki Shinohara Deputy Managing Director of the Fund in a statement: "Iraq can maintain stability at the macroeconomic level under conditions of external and internal hard and made at the same time efforts to rebuild the main economic institutions. "
And between the Fund, also said he will provide for the arrangement under the demand for lending with Iraq for five months until July 2012. 
Shinohara said that inflation remains under control in Iraq and that the exchange rate remains stable. He said the new government is formed and the expected increase in oil production will promote private sector development and economic stability http://www.alsabaah.com/ArticleShow.aspx?ID=4430

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