Uncertainty after Parliament ousts Iraq’s finance minister
A long-serving lynchpin in Iraq’s government was ousted over corruption allegations, leaving up to $18 billion in loans and Iraq’s draft 2017 federal budget hanging in the balance.
Then-Foreign Minister Hoshyar Zebari, now Finance Minister, meets with U.S. Secretary of State John Kerry in Baghdad on June 23, 2014. (THAIER AL-SUDANI/Reuters)
- Kurdish parties, including KIU, voted against him
- SoL and Sunni bloc MPs say more no-confidence votes to come
- IOCs don’t see immediate impact on payments, but concerned about uncertainty
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