Iraq Nabs World Bank Policy Loan

The World Bank will provide a USD200 million policy loan to help Iraq address the effects of the ongoing fiscal crisis on its economy. The USD200 million loan is the first of two policy loans, worth a total of USD500, that the World Bank is planning for Iraq.

Iraq expects to receive a USD3.6. billion loan from the International Monetary Bank.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.