Iraq Says It’s Gone Back to IMF for Loan of Up to $4 Billion

Date: 07 August 2021 - 21:38

News ID: ۹۳۱۲۷

LONDON (Bloomberg) - Iraq has recently restarted talks with the International Monetary Fund for a loan after earlier halting such efforts at securing aid, Finance Minister Ali Allawi told reporters.
Talks between the IMF and Iraq began last year amid the pandemic-related demand shock that sent oil prices tumbling but the discussions were tabled as crude and the country’s foreign reserves recovered. The government now is preemptively looking ahead for help to cover its budget deficit.