The IMF said in a statement the approval will allow for the immediate disbursement of about $634 million under the program. In July 2015, Iraq received about $1.24 billion under the previous rapid financing instrument program.
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U.K. consumer confidence has fallen dramatically in the wake of the Brexit referendum result, with a drop of such magnitude not seen since December 1994.
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Oil trimmed its biggest weekly decline in five months as investors weighed the largest drop in U.S. output since 2013 against a smaller-than-expected
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The median forecast in a Bloomberg survey called for a 180,000 increase. The jobless rate rose to 4.9 percent as more people entered the labor force.
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Satyajit Das is a former banker, whom Bloomberg named one of the world's 50 most influential financial figures in 2014. His latest book is “A Banquet
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