Iraq Considers IMF Assistance and War Links
Iraq is facing a severe financial crisis due to the deterioration of its oil sector and the impact of disruptions in its exports through the Strait of Hormuz. Its oil exports dropped to less than 10 million barrels in April, generating approximately one billion dollars, compared to about 100 million barrels and 7 billion dollars before the conflict. Although no official request has been made yet, Iraq is hinting at the possibility of borrowing from the International Monetary Fund if necessary to cover the ongoing fiscal deficit, which exceeds 6 billion dollars monthly for wages and pensions.
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