IMF extends Iraq's standby credit by three months
Afp, Washington
The International Monetary Fund said it was extending a multimillion-dollar credit deal for Iraq by three months, citing economic progress despite raging violence in the US-occupied country. The IMF board had approved in March a six-month extension of the standby arrangement, which was first agreed with Iraqi authorities in December 2005 and now stands at an estimated 727.4 million dollars.
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