BAGHDAD, May 23 (Reuters) - A deal between Iraq and the International Monetary Fund for a $5.4 billion standby agreement is credit positive and will improve liquidity for the cash-strapped government, Moody's said in a statement.
The agreement will help finance Iraq's fiscal and current account deficits, the rating agency said.
The deal, reached on Thursday, could unlock $15 billion more in international assistance over the next three years to help an economy hit by the plunge in oil prices since mid-2014 and a costly battle against Islamist militancy.
(Reporting By Stephen Kalin; editing by John Stonestreet) ((stephen.kalin@thomsonreuters.com; +964 790 191 7023; Reuters Messaging: stephen.kalin.thomsonreuters.com@reuters.net))
The agreement will help finance Iraq's fiscal and current account deficits, the rating agency said.
The deal, reached on Thursday, could unlock $15 billion more in international assistance over the next three years to help an economy hit by the plunge in oil prices since mid-2014 and a costly battle against Islamist militancy.
(Reporting By Stephen Kalin; editing by John Stonestreet) ((stephen.kalin@thomsonreuters.com; +964 790 191 7023; Reuters Messaging: stephen.kalin.thomsonreuters.com@reuters.net))
