Billions in IMF loans hinge on better 2017 budget, auditors
The International Monetary Fund is broadly happy with Iraq's efforts at meeting requirements of a $5.3 billion loan, including its improved performance on IOC payments, but has asked for a revised 2017 budget and insists on an independent auditor to verify Iraq's fiscal data.
An Iraqi worker adjusts a control valve at the Daura oil refinery on November 5, 2009 in Baghdad, Iraq. (MUHANNAD FALA'AH/Getty Images)
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