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Goldilocks and Seeds of Wisdom
Baghdad (IraqiNews.com) – “The Iraqi Prime Minister, Mohammed Shia Al-Sudani, met on Thursday with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who welcomed Baghdad’s accession to a non-financing program to support economic reform in Iraq.”
The IMF is expected to move forward with a non-financing program in Iraq beginning next month.
An unfunded debt is a short-term Financial obligation that comes due within a year or less.
It is a short-term contract whereby two entities agree on a non-performance-based payment, and the monies received are on a limited basis.
In other words, Iraq is planning on using a limited support system from the IMF to push their Economic Reforms out in February of 2024.
© Goldilocks
Iraqi News Kink
Law Insider Link.
Read closely to these words in this article…
“The Prime Minister’s Office (PMO) mentioned in a statement that meetings with the IMF will begin next month to launch the program.”
No one is calling an RV just yet.
© Goldilocks
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BRICS Bank looks at funding local projects in local currencies and says it is a process.
https://youtu.be/0nCWOdy2CuU?feature=shared
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Source: Dinar Recaps
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