IMF deal to extend Iraq $5.4 bln loan at 1.5 pct, officials say
IMF general director Christine Lagarde - REUTERS

AMMAN:  Iraq has reached a $5.4 billion standby agreement (SBA) with the International Monetary Fund that could unlock billions more in international assistance in coming years, the country’s finance minister said on Thursday.

The loan will have an annual interest rate of 1.5 percent over several years, Iraq’s central bank governor said at a press conference following a week of talks in neighbouring Jordan.

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