The Council of Ministers approves increasing Iraq’s share in the International Monetary Fund

The Council of Ministers approved increasing Iraq's share in the International Monetary Fund by the equivalent of (831900000) SDR, or the equivalent of (1.45025127) trillion dinars, according to the exchange rate on October 8, 2024, provided that the amount of the increase is included in the allocations for the year 2025, and that the proposed increase will lead to an increase in Iraq's share in the International Monetary Fund by 50% of the previous share, and to increase Iraq's voting power. The Council also decided in its session held today, Tuesday, to recommend to the House of Representatives to amend the draft Civil Aviation Law issued pursuant to Cabinet Resolution (24441 of 2024) sent to the House of Representatives, including approval of the notes sent by the Civil Aviation Authority regarding the project. Source: National Iraqi News Agency