Economics
Iraq Gets $5.34bn IMF Loan to Support Economic Stability
The IMF has approved a three-year, $5.34bn loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability. The loan will be provided under the Stand-By Arrangement facility and also includes measures to protect vulnerable populations—critical in a time of ongoing conflict, which has resulted in over 4mn internally displaced people.
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