The governor of Iraq's central bank, Sinan al-Shabibi has said the country is hopeful it will be able to raise money itself by selling bonds and has not yet agreed on financing from the World Bank, Bloomberg has reported. Iraq recorded a budget deficit of 20% of gross domestic product last year. According to the IMF, the deficit is expected to amount to 19% of GDP this year.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.