February 11, 2021 Washington, DC: On February 8, 2021 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Iraq. The COVID-19 pandemic and a sharp decline in oil revenues have exacerbated Iraq’s longstanding economic vulnerabilities. Real GDP contracted by an estimated 11 percent in 2020, reflecting a slowdown in non-
Read MoreEnd-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approv
Read MoreBaghdad - The German Government, via KfW Development Bank, and the International Organization for Migration (IOM) have signed a new agreement to provide crucial funding for the national COVID-19 response in Iraq. KfW, on behalf of the German government, will support IOM Iraq’s ongoing efforts to help communities prepare for and respond to COVID-19, and increase support to
Read MoreBaghdad, 29 November 2020-The German Government, through its Development Bank, the Kreditanstalt für Wiederaufbau (KfW), has contributed 26 million Euros to UNICEF in order to help the agency in its ongoing efforts to assist the Government of Iraq in strengthening its systems and improve access to quality basic services and social protection for children and their families.
Read MoreThe European Union (EU) and UNESCO have signed a new 5 million Euro agreement for the second Phase of the national TVET reform project. Phase 2 of the TVET Reform Programme will strengthen and consolidate the policy and systems developed in Phase 1 by embedding them in Federal and local Directorate policies and procedures and through their application at Institute level. The
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