Structural Reforms Key to Meeting Rapidly Growing Population’s Needs With long-overdue financial reforms and an ambitious federal budget, Iraq’s Government continues to forge progress in tackling the challenges it faces, the senior United Nations official in the country told the Security Council today, adding that more efforts are required to address its rapidly growing popu
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Speaking in New York during the UN General Assembly, he tells The National his government is committed to the sovereignty and territorial integrity of Kuwait “Gaining the trust of the people”. That is how Iraqi Prime Minister Mohammed Shia Al Sudani described his biggest challenge since assuming office 10 months ago. While economic woes, climate change and threats to secu
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With its vast oil and gas resources, there is no fundamental reason why Iraq cannot become a world-class producer of high-value petrochemicals. In the process, it would benefit enormously from huge revenues from these value-added products and from putting a large part of the gas it currently flares to good use. There have been plans to do just this in place for several years, m
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IFC Regional Director Aftab Ahmed and Iraqi Prime Minister.jpg Baghdad, Iraq, September 03, 2023—IFC signed a flagship agreement today with the government of Iraq that will harness private sector capital and expertise to develop the country's main airport—opening the door for more private sector investment and establishing a competitive model for other critical infrastructur
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Abstract 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
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