Iraq gets IMF loan extension



    The International Monetary Fund granted Iraq?s request to extend a $714.7 million loan deal, which is due to end this month. “Despite very difficult political and security circumstances, the Iraqi authorities have taken important measures to keep their economic program on track,” said IMF Deputy managing Director Takatoshi Kato. Although lauding the government for its management of the economy, Kato called on Iraq to address corruption and violence, which he believes would ?unlock Iraq?s oil wealth.?

    Sources:
    IMF extends $715 mln Iraq loan program by 6 months (Reuters)
    IMF extends Iraq loan to September (UPI)

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