Great news for Iraq from IMF

The International Monetary Fund (IMF) issued a large loag guarantee for Iraq, and it's bad news for those who want the US to lose - Pelosi, Murtha and Jim McDermott. Iraq is stable! The IMF says so as reported in the Washington Times

The loan... reflects the lending agency's judgment that Iraq's government is doing its best to revive the war-torn economy. The loan clears the way for major debt relief from Western nations. "The Iraqi authorities were successful in promoting macroeconomic stability in 2005, despite the extremely difficult security environment," said IMF Deputy Managing Director Takatoshi Kato. He noted growth slowed in 2005 after a strong spurt in 2004. "The medium-term outlook for Iraq is favorable, but subject to many risks," he said

This is news, not opinion.

The IMF's action is a victory for the Bush administration, which is counting on the IMF and World Bank to supply a significant portion of the funds needed for Iraq's reconstruction. "This arrangement will underpin economic stability and help lay the foundation for an open and prosperous economy in Iraq," said U.S. Treasury Secretary John W. Snow... IMF loans normally are considered a green light for private investors to start doing business with a country. But Iraq continues to have trouble attracting investments from major Western companies, particularly in its critical oil sector.