IMF Hails Progress Made in Iraq's Economy

**Admin/Kar** on Mon Oct 11, 2010 8:55 am

IMF Hails Progress Made in Iraq's Economy

(Voice of Iraq) - the name of God the Merciful

Relations Service and Information

Ministry of Finance
Washington

11/10/2010
(International Monetary Fund commends the progress achieved in the economy of Iraq)

International Monetary Fund praised the good progress that Iraq has made in restructuring its economy.

He commended the Fund on Baghdad's ability to maintain economic stability in the general form and general conditions of severe security difficulties.

The Fund agreed to extend a loan to Iraq, the amount of $ 741 million and this amount is the largest installment of the loan agreed a $ 3.7 billion to help Iraq rebuild the infrastructure, the Fund has provided the second installment of the loan in February 2010 to support the Iraqi economy.

The IMF said that "Iraq has continued to make good progress in rebuilding the economic institutions and to maintain economic stability in the year under very difficult circumstances."

This Fund has stated that Iraq depends on oil income, which constitutes about 90% of the revenues and the country needs more money to finance the reconstruction activities after years of conflicts and wars.

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**dejavu** on Mon Oct 11, 2010 7:16 pm

Finance: IMF pointed to the need of Iraq to more money for reconstruction
... The Ministry of Finance, on Monday, the IMF praised the progress Iraq has made in restructuring its economy, maintain macroeconomic stability under conditions of "very difficult", pointing to the country's need for more funds to finance reconstruction activities. .”. A statement by the Ministry of Finance that the fund "and agreed to offer Iraq a loan for the amount of $ 741 million," noting that the amount is "the biggest installment of the loan agreed a $ 3.7 billion to help Iraq rebuild the infrastructure."
.”. The statement continued that the Fund "gave the second installment of the loan in February 2010 to support the Iraqi economy," stressing that "Iraq has continued to make good progress in rebuilding the economic institutions and to maintain economic stability in the year under very difficult circumstances."
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