"ANALYSIS OF IRAQ NEWS" BY GOLDILOCKS
Baghdad (IraqiNews.com) – "The Iraqi Prime Minister, Mohammed Shia Al-Sudani, met on Thursday with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who welcomed Baghdad’s accession to a non-financing program to support economic reform in Iraq."
The IMF is expected to move forward with a non-financing program in Iraq beginning next month.
An unfunded debt is a short-term Financial obligation that comes due within a year or less.
It is a short-term contract whereby two entities agree on a non-performance-based payment, and the monies received are on a limited basis.
In other words, Iraq is planning on using a limited support system from the IMF to push their Economic Reforms out in February of 2024.
© Goldilocks
https://www.iraqinews.com/iraq/imf-welcomes-iraqs-entry-into-non-financing-program/
https://www.lawinsider.com/dictionary/no-financing#:~:text=No%20financing%20means%20that%20the,only%20on%20a%20limited%20basis.
