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Monday, June 8, 2015

Iraq gets $833m IMF Emergency Funding

June 8, 2015 in Banking & Finance, Industry & Trade, Politics

An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financing Instrument (RFI). At the end of the visit, Mr. Sdralevich issued the following statement:
“The mission has reached a staff-level agreement with the Iraqi authorities for IMF emergency assistance of SDR 594.2 million (approximately US$833 million) under the RFI. Subject to IMF management approval, the staff-level agreement is expected to be submitted to the IMF Executive Board for consideration in July 2015.
Read entire story @  http://www.iraq-businessnews.com/2015/06/08/iraq-gets-833m-imf-emergency-funding/

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