| 2007: IMF approves Iraq loan agreement |
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December 20, 2007 The International Monetary Fund on Thursday approved a $744 million loan agreement to Iraq through March 2009 designed to support the country's economic program. "The authorities' program for 2008 aims to allocate resources toward investment, including in the oil sector, and to improve the provision of public services, while containing current government spending, notably on the wage and pension bill," Takatoshi Kato, the IMF's deputy managing director and acting chair, said in a statement. Source: Reuters |
