View Full Version : Iraq in Discussions with IMF 04-07-2015

04-07-2015, 10:02 PM
Categorized | Banking & Finance, Politics
Iraq in Discussions with IMF

Posted on 07 April 2015 .

By John Lee.
Iraqi Finance Minister Hoshiyar Zebari has confirmed that Iraq is discussing its financial situation with the International Monetary Fund (IMF).
Speaking on the sidelines of a conference in Kuwait on Tuesday, Zebari did not elaborate on what aid might be provided, but according to the report from Reuters he has previously said Iraq plans to raise $1.8 billion this year by using Iraq’s Special Drawing Rights at the IMF, which would be different than an emergency loan programme.

He said “Iraq is not bankrupt – we have plenty of assets we can use … [But] we have a serious cash flow problem,” adding that Iraq’s financial squeeze was “very serious“.