Pimpy

Things are looking good.  It looks to us that finally some type of agreement is going to be finalized between Erbil and Baghdad.  That’s going to help with the ’21 budget.  I love the fact that they’re increasing the budget from $42/barrel of oil to $45.  That means much more of the deficit will be taken care of.  Nothing will be added to the deficit.  The fact that oil is much higher than they budgeted for is great.  It’s a surplus.  That’s also going to help them with the foreign currency reserves…these are positive steps going in the right direction.