ChemBriefIraq Seeks IMF Program, Fund Chief Pledges 'Firm' Support
Iraq has requested IMF financial support due to lost oil export revenue caused by Strait of Hormuz tensions, following a 13% currency devaluation.
bloomberg · 2026-10-16 23:34 UTC
Iraq has requested IMF financial support due to lost oil export revenue caused by Strait of Hormuz tensions, following a 13% currency devaluation.
Iraq devalued its currency by 13% amid Strait of Hormuz disruptions that slashed oil exports to 1.25 million barrels per day. The IMF projects the economy will shrink by nearly 7% following $80 billio