Adam Montana

[Iraq is trying to defer payment of debt to Kuwait because of their current financial crisis.  What does this signify in regards to an RV?  If the deferment is granted, does this affect the timing?] In regards to an RV, I say it signifies nothing. Iraq has always tried to plead poverty and defer payments and anything else they can do – just like we would expect any other country to do. The payments are in dollars, not Dinars… this means that after they RV, it will be easier for them to repay. In fact, it makes sense to stall payments until after the RV if possible, because they will effectively pay less that way. Or at least have more to pay with, but I don’t think their payment schedule will change for them. It’s just better for them all around that way.