Iraq: Iraq Says IMF Deal "on Track" as Cabinet Approves Reform Package

Jun 13, 2016 | Maher Chmaytelli and Ahmed Rasheed, Reuters
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Iraq has approved measures requested by the International Monetary Fund to unlock loans that should help the country overcome a cash crunch caused by declining oil revenue, a senior government official said. Among the measures approved are settling by the end of the year all arrears owed to foreign oil companies operating in Iraq