Tuesday 19 April 2016

Bailouts Are Big in the Middle East This Season - Bloomberg

Bailouts Are Big in the Middle East This Season - Bloomberg:

"The International Monetary Fund has never been busier in the Middle East.
The fallout from terrorism, political turmoil and the collapse in oil prices has prompted a flurry of requests for bailouts, assistance or just plain advice.
Iraq is close to becoming the first major Arab oil producer to agree on a program with the Washington-based lender. Tunisia and Jordan, still suffering from the aftermath of the Arab Spring uprisings, hope to attract billions of dollars of loans and investments after receiving an IMF seal of approval. Even Morocco, which outperformed its neighbors after avoiding the worst of the Arab Spring turmoil, is considering renewing its $5 billion IMF credit line."



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