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[size=36]International Monetary: Iraq is making progress in the growth of non-oil GDP[/size]
Economy | 04:34 - 02/28/2024
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Mawazine News - Baghdad
The International Monetary Fund confirmed on Wednesday that Iraq is making progress in the growth of non-oil domestic product.
A Ministry of Finance statement received by Mawazine News said, “The Iraqi delegation, headed by Finance Minister Taif Sami Muhammad, held discussions with International Monetary Fund experts within the framework of Article IV consultations, held in the Jordanian capital, Amman, during the period from February 27 to 29.”
The statement added, "The discussions focused on the reform program for the Iraqi economy and the steps adopted by the Iraqi government towards strengthening financial and banking policy, digital infrastructure, financial inclusion, and public debt issues, in addition to the measures taken to mitigate the repercussions of international conflicts and their effects on the economy."
He pointed out that "during the consultations, the delegation held discussions related to a road map towards increasing non-oil revenues and enhancing coordination between financial and monetary policies in Iraq, in addition to defining joint work programs that include the IMF providing the necessary technical and advisory support for the economic reform adopted by the Iraqi government to achieve stability." Financial and monetary improvement, improving the level of financial planning for budgets, and continuing the implementation of important development projects.”
For its part, the Fund’s expert mission praised “government measures to improve the business climate and stimulate the investment environment, noting that “Iraq is achieving progress in the growth of non-oil domestic product and strengthening public financial management.”
It pointed to “the importance of maintaining economic stability and supporting social protection.” praising “the remarkable progress in maintaining economic and financial stability, as represented by lower inflation rates and improved balance of payments, as well as stimulating economic diversification and creating job opportunities led by the private sector.”
The International Monetary Fund confirmed on Wednesday that Iraq is making progress in the growth of non-oil domestic product.
A Ministry of Finance statement received by Mawazine News said, “The Iraqi delegation, headed by Finance Minister Taif Sami Muhammad, held discussions with International Monetary Fund experts within the framework of Article IV consultations, held in the Jordanian capital, Amman, during the period from February 27 to 29.”
The statement added, "The discussions focused on the reform program for the Iraqi economy and the steps adopted by the Iraqi government towards strengthening financial and banking policy, digital infrastructure, financial inclusion, and public debt issues, in addition to the measures taken to mitigate the repercussions of international conflicts and their effects on the economy."
He pointed out that "during the consultations, the delegation held discussions related to a road map towards increasing non-oil revenues and enhancing coordination between financial and monetary policies in Iraq, in addition to defining joint work programs that include the IMF providing the necessary technical and advisory support for the economic reform adopted by the Iraqi government to achieve stability." Financial and monetary improvement, improving the level of financial planning for budgets, and continuing the implementation of important development projects.”
For its part, the Fund’s expert mission praised “government measures to improve the business climate and stimulate the investment environment, noting that “Iraq is achieving progress in the growth of non-oil domestic product and strengthening public financial management.”
It pointed to “the importance of maintaining economic stability and supporting social protection.” praising “the remarkable progress in maintaining economic and financial stability, as represented by lower inflation rates and improved balance of payments, as well as stimulating economic diversification and creating job opportunities led by the private sector.”
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