Iraq sought financial assistance from IMF as result of Iran war, says report
Iraqi officials have approached the International Monetary Fund about securing financial assistance as a result of the Iran war, a source close to the IMF told Reuters.
Initial conversations took place last month during the spring meetings of the IMF and World Bank in Washington, and discussions are ongoing about how much funding Iraq would need and how any loan would be structured, the source said.
Iraq has been hard hit by the war, with most of its oil exports - which represent nearly all government income - cut off by the closure of the Strait of Hormuz, which previously carried about one-fifth of the world's crude oil.