Iraq pays off $470-million IMF debt earlier than required
- Share via
WASHINGTON — Iraq has cleared its debts with the International Monetary Fund by repaying about $470 million earlier than required, the IMF said Friday.
“Iraq’s ability to repay the IMF ahead of schedule reflects its strong international reserve position against a background of high oil prices,” IMF Managing Director Dominique Strauss-Kahn said in a brief statement.
The IMF lent Iraq the money as emergency post-conflict assistance in 2004, a year after the U.S.-led invasion toppled Saddam Hussein.
More From the Los Angeles Times
Podcasts
Why is California’s wildfire strategy wrong for SoCal? After massive blazes, the state changed its approach, but it only works for the north. Listen to find out what officials are doing wrong — and the surprising strategy they’re turning to next.
In 1990, UCLA student Ronald Baker was murdered in a railway tunnel. While his occult interests fueled “Satanic Panic” rumors, police found his killers knew him well — one had even carried his casket.
LA’s smog wasn’t from factories. A scientist studying pineapples found the real cause: cars. But no one wanted to believe him. Hear the full story on “Smoglandia.” Listen now.
