Iraq Reaches $5.4 Billion IMF Funding Accord, Minister Says

  • OPEC’s second-biggest producer faces price drop, IS war
  • Interest rate on IMF loan won’t exceed 1.5%: central banker

Hoshyar Zebari.

Photographer: Ahmad aL-Rubaye/AFP via Getty Images

Iraq has reached a $5.4 billion, three-year loan agreement with the International Monetary Fund to help OPEC’s second-biggest producer repair public finances damaged by the plunge in oil prices and war with Islamic State militants.

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