Deficit

Iraq Considering $6 Billion Bond Issue As Revenues Plunge

Iraq is said to be discussing a possible bond issue worth around $6 billion with Deutsche Bank and Citibank in an effort to cover a “huge” projected budget deficit this year, Finance Minister Hoshiyar Zebari said, according to Reuters. Revenues in the nation have plunged along with the price of oil just as Iraq faces an expensive military campaign … Continue reading →