Baghdad releases $138 million to KRG days before Kadhimi’s Washington visit

The budget transfer relieves some financial pressure on Erbil, though regular payments going forward are hardly assured.
KRG Prime Minister Masrour Barzani (right) receives Iraqi Prime Minister Mustafa al-Kadhimi (left) in Erbil on September 10, 2020. (Photo credit: Kurdistan Regional Government)

The Iraqi Finance Ministry on July 10 transferred 200 billion Iraqi dinars ($138 million) to the semi-autonomous Kurdistan Regional Government (KRG) — the first budget payment this year.

The transfer was confirmed to Iraq Oil Report by officials in both the KRG and the federal government.

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