Iraq plans a $2bn international sovereign bond issue in 2018, central bank governor ‘Ali al-‘Allaq says.
This would part-cover Iraq’s 2018 deficit: pegged at $19.3bn in the draft budget – based on a conservative $43.4/B oil price assumption this would shrink to just $2.8bn if prices for heavy Iraqi crude remain around the current $55/B (MEES, 17 November). (CONTINUED - 371 WORDS)
