It’s not often we get one of these – an actual IMF press release! The IMF announced today that a two year stand-by arrangement has been approced for Iraq in the amount of $3.64 Billion (2.38 Billion SDR) to cover the balance of what Iraq needs to pay. $455 million has been approved to be made available to Iraqi authorities immediately.
Full release here:
I let everyone know in chat the other night that this was coming, I hope you were listening or were on the email list or at least had someone who forwards you the emails! There are a couple more things coming, so stay tuned – this ride is just about over!