IMF says Iraq could secure three-year standby deal by June

The International Monetary Fund could approve as early as June a standby arrangement (SBA) with Iraq unlocking $15 billion in international assistance over the next three years, the head of the IMF's Iraq mission said on Tuesday. Christian Josz said the package of assistance, nearly one third of it from the IMF and the rest […]

Suleiman al-Khalidi reports for Reuters:

The International Monetary Fund could approve as early as June a standby arrangement (SBA) with Iraq unlocking $15 billion in international assistance over the next three years, the head of the IMF's Iraq mission said on Tuesday.

Christian Josz said the package of assistance, nearly one third of it from the IMF and the rest from international groups and donor countries, would be in line for approval by the board if talks with Iraq next month go well.

Josz told Reuters at the end of a round of talks with Iraqi Finance Minister Hoshiyar Zebari in Jordan that the structure of the deal itself was now in place.