Iraq Nears an IMF Reform Plan
Iraq and the IMF move closer on a 2027-2029 programme, and Baghdad opens two inquiries into oil said to be smuggled out through Iran.
Thursday, November 12. Baghdad's negotiators closed a round of talks with the International Monetary Fund in Amman on Wednesday, with progress on a 3-year reform programme.
The same day, Prime Minister Ali al-Zaidi and Speaker Haibat al-Halbousi each opened an inquiry into oil reported stolen from a pipeline in a district south of Baghdad, and into a smuggling route for Iraqi oil through Iran to Afghanistan. Iran-backed Kataib Hezbollah holds that district.
In our view the two belong together. A Fund programme asks where a state's money goes. Baghdad spent Wednesday chasing oil that leaves without being counted.
Today: the Fund, the oil leaving through Iran, the militia's answer, Washington's envoy in London, Khor Mor, the budget, the street, Iran's talks, and a killing in Beirut.
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