Iraq exports a billion-dollar US bond guarantee

Iraq exports a billion-dollar US bond guarantee



By Roudao 18 hours ago

Roudao - Erbil

The Iraqi government has successfully completed, during the late Wednesday evening, closed the placement of bonds worth one billion US dollars in the global markets, the guarantee of the United States of America.

The US State Department said in a statement, said that the US guarantee "confirms its commitment to support the Iraqi government at this critical moment in the battle against al (Daesh)."

Iraq has suffered from a sharp rise in expenses, especially military ones with the continuation of the battles against al "Daesh", and centered the current time in Mosul.

She said US State Department, that the guarantee is part of a comprehensive international assistance, based on backed by the International Monetary Fund reform program package, "and ensure the provision of financial liquidity for the implementation of services for the Iraqi people."

The Iraqi government bond issuance for a period of 5 years and an interest rate of 2.149%.

He called Iraq (the second largest oil producer in OPEC), in more than one occasion last year, Basttnaih of any consensus to cut crude oil production, to provide the necessary liquidity to manage the state, but the request has not been.

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