Iraq Should Get Help from IMF to Meet Financial Crisis

Iraqi Dinar 123 News: – The Parliamentary Finance Committee member Ahmed Sarhan issued a statement that Iraq should take advantage of Iraqi membership in the International Monetary Fund (IMF) by getting provision of extension to meet the challenges of financial crisis, expenses on war against terrorism and Daash militants and economic crisis after a huge downfall in the global oil prices.

He further added that Iraq should generate a request to the International Monetary Fund to help Iraq in preventing most of the major economic problems. Iraq has the right as a member country of the International Monetary Fund to submit a request to get funds whenever needed from the IMF. He also said that borrowing new amount may put Iraq into a new kind of repayment crisis, but this country has many extraordinary advantages such as increase in oil prices which could provide more facilities for Iraq in future.

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