WASHINGTON, Dec 15: Iraq has repaid a 471-million-dollar loan to the IMF that was granted to the country in the wake of a US-led invasion which toppled Saddam Hussein, the IMF said o Friday. The Washington-based IMF said Iraq completed an early repayment of the loan on December 12.

“Iraq’s ability to repay the IMF ahead of schedule reflects its strong international reserves position against a background of high oil prices,” IMF managing director Dominique Strauss-Kahn said.—AFP