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Iraq clears $470m IMF debt
- Iraq: Sunday, December 16 - 2007 at 08:33
The International Monetary Fund (IMF) has revealed that Iraq has cleared its debts with the organisation by making a $470m payment, reported Reuters. The IMF lent the war-torn country the cash in 2004, 12 months after the US led invasion. Iraq has paid back the sum ahead of time as it looks to secure additional funding.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 16 - 2007 at 08:33 UAE local time (GMT+4)
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