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Iraq seeking assistance from IMF and World Bank after oil income slashed by Iran war

Iraqi officials have approached the International Monetary Fund about securing financial assistance as a result of the conflict in the Middle East, a source close to the IMF and an Iraqi government official said on Thursday. Initial conversations took place during last month’s spring meetings of the IMF and World Bank in Washington, and discussions are ongoing about how much funding Iraq would need and how any loan would be structured, the source close to the IMF said. [...]