World Economy

KRG to Monetize Assets

KRG to Monetize AssetsKRG to Monetize Assets

The autonomous Kurdistan Regional Government in northern Iraq may sell parts of its electricity sector to raise funds to help plug a budget gap left by sinking oil prices, the region’s deputy prime minister, Qubad Talabani told Reuters. The KRG is also “considering monetizing assets including oil infrastructure”, Talabani said in an interview on Thursday in the region’s capital Erbil, declining to give more details on what might be offered to investors and on what terms. The KRG “is working with the private sector to hand over some elements of the electricity sector” such as bill collection, he said.