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Post by roxy22222222 on Wed Jul 19, 2017 9:31 pm

Article:  "Masood Haider warns IMF stopped supporting Iraq because of the supplementary budget"   Quote:  "adding that " the supplementary budget came at the request of the Fund international Monetary and , if not completed and voted on before the end of this month, the IMF will stop supporting Iraq ."   For years the IMF has "spoken softly" to Iraq and has watched with a limited amount of patience as Iraq has diddled away, failing to fulfill its commitments.  We now see that the IMF (trustee of the CBI, as we recall) also "carries a big stick."  This is no idle threat either.  I'm actually somewhat surprised that they have put this so plainly, threatening to pull out all support for Iraq if they do not comply.  I suspect, however, that their patience, like our own, has come to an end.  They made a commitment to bring Iraq into the world market "early this year" some time last year and we are not [now?] in the second half of the year.  So they have egg on their own faces at this point.  No wonder they are pissed!
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Post by Scotchie on Wed Jul 19, 2017 10:54 pm

And yet thousands are waiting for the IMF to grant Iraq permission to revalue its currency.

Crazy!!

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