Iraq may not need World Bank deal

16 May 2010

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.

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