IMF agrees on a loan of 833 million dollars to Iraq

as it is expected to help the country in supporting its public financing.

The IMF said that the program - which still needs to review by the Board of Directors next month - will help Iraq to cope with the drop in oil prices since last year and the violence related to the conflict with the Islamic state organization.

The government expects a deficit of about $ 25 billion in the current year budget of about $ 100 billion.