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Larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal account, IMF says

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CAIRO: The International Monetary Fund said on Sunday that larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal and external accounts.

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“Iraq needs to increase non-oil exports and government revenue, and reduce the economy’s vulnerability to oil price shocks,” they said in a concluding statement.

OPEC+ International Monetary fund

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