Goldilocks' Comments and Global Economic News Late Thursday Evening 1-18-24

Good Evening Dinar Recaps,

Baghdad (IraqiNews.com) – 

"The Iraqi Prime Minister, Mohammed Shia Al-Sudani, met on Thursday with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who welcomed Baghdad’s accession to a non-financing program to support economic reform in Iraq."

The IMF is expected to move forward with a non-financing program in Iraq beginning next month.

An unfunded debt is a short-term Financial obligation that comes due within a year or less.

It is a short-term contract whereby two entities agree on a non-performance-based payment, and the monies received are on a limited basis.

In other words, Iraq is planning on using a limited support system from the IMF to push their Economic Reforms out in February of 2024.  

© Goldilocks

Iraqi News Kink
Law Insider Link. 

👆 Read closely to these words in this article...

"The Prime Minister’s Office (PMO) mentioned in a statement that meetings with the IMF will begin next month to launch the program."

No one is calling an RV just yet.

© Goldilocks

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BRICS Bank looks at funding local projects in local currencies and says it is a process.

https://youtu.be/0nCWOdy2CuU?feature=shared

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