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“.
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