Editor:WenJie
Source:Bloomberg
The IMF stated that Iraq has applied for emergency assistance from the International Monetary Fund and the two sides are in talks.
Iraqi Finance Minister Ali Allawi told Bloomberg earlier that Iraq is discussing a US$6 billion loan program with the International Monetary Fund.
The representative of the International Monetary Fund said in an email statement: Rapid Financing Instrument, RFI has applied for emergency assistance from the International Monetary Fund, and Iraq has indicated that it also wants to apply for a long-term agreement to support its planned economic reforms.
Discussions on the emergency assistance request of the Iraqi authorities are ongoing.
The fast financing tool of the International Monetary Fund provides fast financial assistance, and all member states facing emergency needs in the balance of payments can apply.
The International Monetary Fund website points out that financial assistance provided under the fast financing facility can be provided without a complete plan or evaluation.
Allawi said today that Iraq may request an additional US$4 billion in low-cost loans through other programs related to government reforms.
