Iraqi minister's downfall hurts prospect for financial bailout


  • World
  • Wednesday, 28 Sep 2016

Sacked Finance Minister Hoshiyar Zebari speaks during a news conference in Erbil, Iraq, September 22, 2016. REUTERS/Azad Lashkari

BAGHDAD (Reuters) - Last week's dismissal of Iraqi Finance Minister Hoshiyar Zebari, the latest convulsion in Baghdad's increasingly unstable politics, risks delaying billions of dollars in badly needed budget support from international lenders and investors.

Parliament dismissed Zebari, a prominent Kurdish official who served previously as foreign minister for more than a decade, after questioning him over alleged corruption and mishandling of public funds.

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