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Sunday, September 27, 2020 12:20 GMT
The European Bank for Reconstruction and Development (EBRD) is assessing a request from Iraq to become a member of the multilateral financial institution, the bank’s acting president said. Iraq, an oil producer whose economy is suffering from the double blow of the coronavirus crisis and lower oil prices, could potentially receive funding to support its private sector if it joins. “Iraq’s membership will be decided by our board of governors at the annual meeting in three weeks from now,” said...More