Economy

IMF: Extension of OPEC+ Cuts Will Impact Iraq's Financial Accounts

IMF: Extension of OPEC+ Cuts Will Impact Iraq's Financial Accounts

The International Monetary Fund noted today, Sunday, that "larger declines in oil prices or an extension of OPEC+ cuts may affect Iraq's financial and external accounts." It stated that "Iraq needs to increase non-oil exports and government revenues, and reduce the economy's exposure to oil price shocks."

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