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



BatmaninIraq
04-07-2015, 09:02 PM
Categorized | Banking & Finance, Politics
Iraq in Discussions with IMF


Posted on 07 April 2015 .

http://www.iraq-businessnews.com/wp-content/themes/IBN-Theme/thumb.php?src=http://www.iraq-businessnews.com/wp-content/uploads/2015/04/Iraqi-Finance-Minister-Hoshyar-Zebari%E2%80%8B.png&w=250&h=180&zc=1&q=85
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“.