Iraq’s “Development Road”: Rough Terrain Ahead. BY DR. JOHN CALABRESE

Despite sharing a border, Iraq and Turkey have had a history marked by tensions; however, recent developments indicate that the two countries are now entering a new, positive phase in their relationship. Meeting in Baghdad on April 22, Iraqi Prime Minister Mohammed Shia‘ al-Sudani and Turkish President Recep Tayyip Erdoğan, the latter making his first visit to Iraq in 13 yea

Read More

IMF Executive Board Concludes 2024 Article IV Consultation with Iraq

Washington, DC – May 16, 2024: On May 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Iraq and considered and endorsed the staff appraisal. Domestic stability has improved since the new government took office in October 2022, facilitating the passage of Iraq’s first three-year budget, which entailed a large fisc

Read More

IMF Expects Iraq’s Economy to Grow by 1.4% in 2024, 5.3% in 2025

The International Monetary Fund (IMF) said on Thursday that Iraq’s economy contracted by 2.2% in 2022, projecting a growth by 1.4% in 2024 and 5.3% in 2025. The international monetary organization expected fiscal deficit to widen to 7.6% of GDP in 2024 from 1.3% in 2023, noting that Iraq requires an ambitious fiscal adjustment to stabilize debt in the medium term and rebuild

Read More

Baghdad announces commitment to nationwide census date

Baghdad (IraqiNews.com) – The Iraqi Minister of Planning, Mohammed Tamim, said on Sunday that the population census will take place on November 20, 2024, as planned. Tamim mentioned in a statement that he met with officials in the Planning Ministry, where he reviewed the stages of work and the progress made in field procedures and requirements to complete the population cens

Read More