Friday, January 19, 2024

"RV UPDATE" BY GOLDILOCKS, 19 JAN

Goldilocks and Seeds of Wisdom

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

Iraqi News Kink
Law Insider Link. 

Read closely to these words in this article…

“The Prime Minister’s Office (PMO) mentioned in a statement that meetings with the IMF will begin next month to launch the program.”

No one is calling an RV just yet.

© Goldilocks


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