Baghdad Got Rid Of IMF Debts

The economic advisor to the Iraqi government, Mazhar Mohammad, confirmed that Iraq has paid off every loan it had received from the International Monetary Fund (IMF) in 2003 and 2021.

He highlighted that the IMF provided Iraq with just $8 billion to assist macroeconomic stability and financial reforms, according to the Iraqi News Agency (INA).

The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh told reporters that in 2003 and 2021, Iraq bought several economic shipments from the IMF, including urgent loans and long-term monetary support.

A $5.34 billion funding package was authorized by the IMF in 2016 to help Iraq's economic reforms and fight against ISIS.

At that time, the majority of the Iraqi and Syrian area was captured by ISIS, thus the Iraqi government had applied for a loan from the IMF to counter Islamic state.

Haider Jawad Kadhim al-Abadi declared victory against the Islamic State of Iraq and Syria (ISIS) in July 2017, when Mosul city was collapsed to Iraqi forces, However, some remaining elements are spreading chaos and havoc to penetrate security forces and civilians to expand further control in the strategic constituencies of Iraq and Syria.

Today national and international Organizations are coming to Iraq for pilgrim, investment and to participate in exhibitions.

People exhausted from terrorism and some menaces have breathed a sigh of relief.

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