Finance Ministry receives $440m from Int’l Monetary Fund

[sparklingblue]

Finance Ministry receives $440m from Int’l Monetary Fund

June 9, 2010 - 10:26:03

BAGHDAD / Aswat al-Iraq: Iraqi Finance Ministry has received $440 million as a loan from the International Fund Monetary.

“The loan is processed according to an agreement between the two sides through which Iraq should get an amount of $3.6 billion in total from the International Fund Monetary,” the Iraqi ministry said in a release on Wednesday as received by Aswat al-Iraq news agency.

It noted that the received $440 million is the first dispatch of the total amount.

“Other dispatches are coming ahead this year,” the statement explained.

MH (P)/SR

http://en.aswataliraq.info/?p=132976

[SexyDinar]

Finance Ministry receives $440m from Int’l Monetary Fund

June 9, 2010 - 10:26:03

BAGHDAD / Aswat al-Iraq: Iraqi Finance Ministry has received $440 million as a loan from the International Fund Monetary.

“The loan is processed according to an agreement between the two sides through which Iraq should get an amount of $3.6 billion in total from the International Fund Monetary,” the Iraqi ministry said in a release on Wednesday as received by Aswat al-Iraq news agency.

It noted that the received $440 million is the first dispatch of the total amount.

“Other dispatches are coming ahead this year,” the statement explained.

MH (P)/SR

http://en.aswataliraq.info/?p=132976

So I guess the RV is along way off if they are still accepting funds from IMF!!

[kennyw]

No it's just to help with the RV....

[sunshinelvr]

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

Relations Service and Information

Ministry of Finance

Baghdad

06/09/2010

((A source said, "an official at the Ministry of Finance))

After the approval of the Executive Board of the IMF on 24 / February / 2010 of an agreement emergency support (SBA) signed between Iraq and the Fund under which the grant fund Iraq a loan to support the budget limits of (6.3) billion dollars, Iraq received the first installment of (440) million dollars and credited to the Ministry of Finance to the Central Bank of Iraq and there will be other payments received during this year after completing the audit the first and second SBA agreement and the remaining pick in 2011.

And Iraq received the amount of first loan for budgetary support granted by the World Bank of (250) million of the amount of the allowance of (500) million.

http://www.sotaliraq.com/iraq-news.php?id=1947

[Doc31]

Thank you both for your posts