Iraq has implemented all the conditions of the IMF

The Prime Minister’s Advisor for Financial Policy, Mohammed Saleh, announced on Thursday that Iraq has completed commitments on the first stage of the IMF’s credit-stand-off agreement with a number of stages, including 13 commitments under which it agreed to grant Iraq a $ 5.3 billion financial loan. Iraq and the International Monetary Fund signed an agreement in May after several days of meetings in the Jordanian capital of Amman to provide Iraq with a loan of $ 5.3 billion at an interest rate of 1.5%, and Iraq received a premium of $ 634 million last July. “The first phase of the credit agreement with the IMF included several reform requirements for the Iraqi economy, namely performance standards, reform of financial management, reform of some laws,” said Mohammed Saleh, adviser to the Iraqi prime minister for fiscal policy. And procedures to structure the public budget, and maintain the reserve of the Central Bank, all of which Iraq is committed to. Saleh said that “the credit agreement with the International Monetary Fund, under which it was agreed to grant Iraq a loan of $ 5.3 billion, includes 13 consultations or commitment, Iraq and the International Monetary Fund completed the first review

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