[I am not understanding why Iraq would need a loan. If they revalue their currency wouldn’t they be able to fund themselves?]
THEY HAVE BEEN HURT BY THE OIL PRICE AND WILL SLIP INTO A RECESSION IF THEY DIDN’T TAKE IT DUE TO DEFICIT NOT PLANNED ON AND LACK OF MOVING INVESTMENTS NEEDED —
THIS ALLOWS THEM TO NOT STACK UP INTEREST AND CREDIT ISSUES ON DEBT AND MOVE FORWARD.
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