Iraq’s Oil Dilemma: Shrinking Revenues, Same Old Debt

Iraq’s Oil Dilemma: Shrinking Revenues, Same Old Debt
AP Photo/Susannah George

The suggested reform program is very ambitious. It aims, according to the I.M.F., to bring spending in line with lower global oil prices, strengthen public financial management, and curb corruption, none of which the successive governments in Iraq had managed to do, or at least attempted to do.

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