DUBAI (Reuters) - Iraq has requested financial assistance from the International Monetary Fund (IMF) and agreement may be reached within weeks on a loan of about $800 million (529 million pounds), a senior IMF official said.
Iraqi finances have been hit hard by the plunge of oil prices since last year as well as by the Islamic State insurgency. The government has projected a budget deficit of about $25 billion this year, in a budget of some $100 billion.
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