Iraq's Central Bank Chief: Govt Bond Sale To Fund Budget - WSJ.com
Iraq's central bank is pushing the government to sell bonds to fund a budget deficit and help wean the fragile country off of external support as it rebuilds its infrastructure and economy, its governor said Sunday.
"The government has planned this [a bond sale] as part of the financing of the budget," Sinan Al Shabibi said in an interview in Bahrain.
"We are pushing for both [bonds and T-bills] to deepen the market. Any kind of financing is welcome," Al Shabibi said, adding that plans for a bond sale "aren't progressing yet" but that he expected them to do so "quite soon."
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