A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussion
Read MoreAbstract Iraq’s economy continued its recovery after the sharp, pandemic-induced recession in 2020 but growth constraints in the oil sector have reemerged. After moderating in 2022, consumer price inflation ticked up in early 2023, fueled by the depreciation of the Iraqi dinar in the parallel market. Fiscal and external account balances benefitted from the oi
Read MoreThe World Bank’s new Iraq Economic Monitor, A New Opportunity to Reform finds that high oil prices have boded well for Iraq’s economy pushing fiscal and external balance into double digit surpluses. After growing by 2.8 percent in 2021, GDP growth accelerate in the first half of 2022 to 10.5 percent thanks to rising oil output and a recovery in domestic economic activity after
Read MoreBAGHDAD, June 16, 2022 - Iraq is gradually emerging from a deep recession, caused by the COVID-19 pandemic and the plunge in oil prices in 2020. Although the economy is projected to grow by 5.4% on average a year between 2022 and 2024, the country’s macroeconomic outlook is subject to a significant degree of risk due to high dependence on oil, budget rigidities, and delays in t
Read MoreBaghdad - INA - Harith al-Abadi The Japan International Cooperation Agency (JICA) has detaild today, Saturday, its role in Iraq, 2014, While JICA disclosed the most prominent projects and axes of joint cooperation, and revealed the volume of budgets and loans allocated to implement its projects in Iraq, and the most prominent challenges and obstacles facing some projects. G
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