Iraq has approached the IMF for a new financial program as the US-Israel war with Iran disrupts oil exports and squeezes government revenue. IMF Managing Director Kristalina Georgieva pledged firm support, though the size and terms remain undecided. The IMF forecasts Iraq's economy will contract 16% in 2026 before rebounding 19% in 2027. Iraq has devalued its currency by 13% against the dollar.
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