“Finance Minister meets US Secretary of the Treasury” “…reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees…” Iraq is not bankrupt or in financial ruins, so why the support?
They need backing and support arranged for moving to a new monetary policy, for moving to a float…
They are saying, hey we are being pushed in a corner and we gotta move on the float…
Do we have your support while we do this…
We can anticipate and project local and global response but we can’t see 100% of it…
They must have a strong, smooth transition.
