Iraqi Foreign Minister Ibrahim al-Jaafari speaks during a press conference with his Hungarian Foreign Minister Peter Szijjarto in Baghdad, Iraq, Monday, May 4, 2015. (AP Photo/Hadi Mizban)
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Iraq has requested financial assistance from the International Monetary Fund (IMF) and an agreement may be reached within weeks on a loan of about $800 million, a senior IMF official said.Aid from the IMF could ease the pressure and by increasing investor confidence, help Iraq raise money from other sources.An RFI loan should be repaid within 3-1/4 to five years, according to the IMF's website.The RFI might pave the way in the longer term for a larger IMF lending programme for Iraq, if that were needed, Ahmed added.
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