BAGHDAD: Iraqi Finance Minister, Hoshiyar Zebari, confirmed that Iraq is discussing its financial situation with the International Monetary Fund (IMF).
Speaking on the sidelines of a conference in Kuwait, 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“.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
