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Baghdad is not running out of cash, says International Monetary Fund

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The International Monetary Fund announced on Wednesday, that it may give Iraq a large loan in 2016 to help it achieve financial stability, adding that Baghdad is not in danger of running out of cash.

Director of the Middle East and Central Asia Department of the Fund, Masood Ahmed, said in a statement published by “Reuters” and followed by IraqiNews.com, “a team of the Fund will discuss with Iraqi officials ways of setting up a program to Baghdad to monitor the economic policies of the country.”

Ahmed added, “The Fund may give Iraq a large loan in 2016 to help it achieve financial stability at a time when Baghdad suffers because of falling oil prices and the war being waged against ISIS.”

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