Minister Outlines Iraq’s Power Sector Woes As IMF Warns On Rising Subsidies

With Iraq’s electricity minister grilled by parliament over a power sector crisis the IMF warns that subsidies mean electricity revenues cover only 10% of costs.

Iraq’s Minister of Electricity Qasim al-Fahdawi received a vote of confidence from the Baghdad parliament on 29 August, after having been questioned about a power sector crisis that triggered demonstrations in many southern cities...