[Published here December 17, 2020]
A year of economic agony for pandemic-hit and oil-reliant Iraq is drawing to a close, but a draft 2021 budget involving a hefty currency devaluation could bring more pain for citizens.
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Without urgent reform, Iraq economy will face irreparable shocks: minister to AFP
[Published here on June 22, 2020]
Baghdad (AFP) – Iraq’s economy could reach irreversible lows within the next year unless urgent reform measures are adopted, its finance minister warned in an exclusive interview with AFP on Monday.
Iraq faces financial calamity after crude crash | AFP
[Published here March 19, 2020]
Baghdad (AFP) – Between plummeting oil prices, political deadlock and reduced global appetite for a bail-out, Iraq is on the cusp of financial calamity that could force austerity measures and renew anti-government protests.
Iraq sets up ‘loophole’ in US sanctions to buy Iranian power | AFP
[Published here July 2, 2019]
Baghdad (AFP) – Iraq is establishing a financial “loophole” to continue buying vital gas and electricity from Iran despite US sanctions, AFP has learned, mirroring a European mechanism that came into effect Friday.
