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Total sets sights on gigawatt-scale Iraq renewable energy project
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Total signs 1GW Iraq solar deal
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IMF Executive Board Reviews Iraq Misreporting, Remedial Steps
Washington, DC: The Executive Board of the International Monetary Fund (IMF) has reviewed a non-complying purchase by Iraq of SDR 584.2 million following the completion of the second review under the 36-month Stand-By Arrangement (SBA) on August 1, 2017. The SBA was approved on July 6, 2016 for a total amount of SDR 3.831 billion (230 percent of quota) and expired on July 7, 2019.
At the time of the second program review under the SBA, the authorities requested a waiver of applicability for end-June 2017 performance criteria (PCs) on public debt and the non-oil primary balance, information on which was not available. The waiver of applicability was granted on the condition that the information provided on Iraq’s performance under these criteria at end-December 2016 was accurate.
Iraq s Council of Ministers to Vote on 2021 Budget Bill on Sunday Iraq
ERBIL - Iraq s Council of Ministers is expected to vote on the 2021 Budget Bill on Sunday (December 20), as it had previously postponed it for more than once.
The budget bill had been expected to be sent to the parliament in October, but disagreements among the Iraqi political factions, in addition to issues between Erbil and Baghdad, caused a delay in the process.
However, Iraqi Finance Minister Ali Allawi announced on Saturday that the Kurdistan Regional Government (KRG) and federal government had reached an agreement on the budget bill for the year 2021.