Home
International Monetary Fund: Iraq's economy has declined and its reserves have fallen to 45 billion dollars
10/08/2017
The International Monetary Fund considers that Iraq is currently facing a dual economic challenge of compensating for the material losses caused by the war against Daqash, as well as the decline in oil production and prices.
The IMF said in a report on Wednesday that in 2016 real GDP of Iraq rose by 11 percent, as a result of a rise of 25 percent in oil production, "which was not significantly affected by the conflict with the" dashing "at the time.
The report added that he expects the economic activity this year will not see any increase due to a 1.5% drop in oil production due to Iraq's commitment to the agreement of the OPEC oil exporting countries and outside to reduce the level of production and also because of the very modest recovery of non-oil sectors.
He pointed out that "the decline in oil prices led to a decline in Iraq's foreign currency reserves from 54 billion US dollars by the end of 2015 to 45 billion at the end of 2016, saying that" the financial pressure continued as the government deficit increased to 14 percent of GDP in 2016 after It was 12 percent in 2015. "
However, the outlook for medium-term growth appears to be positive due to the expected improvement in the security situation and readiness to implement several infrastructure projects, although the risks remain high due to continuing security and political tensions, the IMF said.
Kuwait has been in contact for a long time with the countries of the world, the World Bank and Iraq itself to prepare for hosting a conference donors for the reconstruction of the liberated areas of Iraq, "Daash," which may be held in the first quarter of next year.
[You must be registered and logged in to see this link.]
» utube 10/31/24 MM&C Central Bank Governor of Iraq-Monetary Stability Directly Stimulating the Econom
» utube 10/31/24 MM&C MM&C News Reporting-Security & Stability-Sinjar Allocations-Unprecedented Develo
» Rafidain and Rashid deny the suspension of electronic payment devices: The service continues
» Iraq meets a third of housing needs, two directions identified to solve the crisis completely
» Activating the General Amnesty Law, a summary of the meeting between Al-Mashhadani and Al-Dhari
» Parliamentary recommendations to change "five" ministers in Al-Sudani's government.. Get to know the
» The controversy over the “controversial laws” continues.. and Al-Mashhadani confirms: They will not
» Sunday's currency auction.. 99% of the Central Bank of Iraq's sales went abroad
» Higher fines and powers.. the most prominent amendments to the expected Civil Defense Law
» Transport announces completion of initial design phase of development road with its land and rail ro
» Parliamentary Security: The Intelligence Law is ready.. 3 important paragraphs
» Central Bank dollar sales rise in today's auction
» Divided into three... Al-Fatlawi criticizes the Arab and Islamic position towards the aggression on
» Parliamentary Transport Committee reveals upcoming quadripartite meeting on development path
» Parliamentary Planning: The ministerial amendment is based on 4 directions
» "Until the case is settled"... the judiciary suspends the decision to dismiss Al-Karwi from the pres
» Increasing for a year and a half.. Announcing the results of the investigation into Baghdad's pollut
» Banking Association: Reducing inflation helped stabilize commodity prices
» Parliamentary Investment and Development Committee calls for commitment to the “Investment Law”
» Parliamentary Finance settles the controversy: This is the fate of the appointments file in the 2025
» Trade Bank of Iraq explains procedures for money transfers and combating money laundering
» Within three days, Iraq indicates an increase in the number of aircraft landing and crossing the air
» Public services reveal the reality of the capital.. This is what it needs
» Population growth and ongoing suffering.. A briefing on the "deteriorating" situation in Baghdad
» Parliamentary Committee Proposes Attracting Real Estate Developers
» Direction to transfer beneficiaries of the protection network to the Social Security Law
» Speaker of Parliament
» I learned {morning}
» Al-Sudani directs to establish the concept of (Made in Iraq)
» Al-Mashhadani to {Al-Sabah}: Controversial laws will be presented unanimously
» Establishment of Al-Ghadeer Residential City in Muthanna
» Work: Transferring beneficiaries of the safety net to the Social Security Law
» Parliamentary Immigration Committee demands increasing the amount of the return grant
» The most prominent achievements of the Sudanese government in the education sector
» Welcome to the trends of establishing an administrative capital
» Securities trade more than 88 billion shares
» Focus on the banking sector
» Imports and dependence on oil are obstacles to Iraq’s accession to the World Trade Organization
» Preparatory meetings for the 40th session of the Standing Committee for Economic and Commercial Coop
» Minister of Industry: Our visit program to Basra will include following up on the progress of work a
» Al-Mashhadani and the Secretary-General of the Iraqi National Project stress the importance of activ
» Minister of Industry discusses action plan to complete steel plant in Basra and operate it on schedu
» Al-Sayhoud: Accelerating the implementation of the strategic development road project will advance t
» Amnesty International issues a “warning” to the Iraqi government over “violations” inside Al-Jadaa c
» Retirement releases civilian and military salaries for November gradually
» The regional government between consensus and complexity.. Will the Democratic Party have the final
» "Industrial Investment" is ready for voting.. MP: Attract more real estate developers to establish d
» Rafidain denies stopping its electronic payment cards at fuel stations
» Iraqi Interior Ministry: Corruption rate in electronic passports since its implementation has reache
» Parliamentary Defense: Removing US Forces from Iraq is Urgent
» MP: Parliament will pass controversial laws and question two ministers
» A veteran returned with a rare agreement between Al-Maliki and Al-Halbousi.. Who is the new Speaker
» US report recommends informing “Iraqi leaders” of consequences of Iran’s use of “Iraqi arena” agains
» Iraqi parliament recommends changing five ministers in Al-Sudani's government
» Parliamentarian calls for investigation into the largest corruption files in Diyala
» Al-Yekti: Forming the new government in the region will be very complicated
» Movement warns of an agenda to target Iraq
» The Ministry of Construction confirms that the government is proceeding with the service of resident
» More than a billion dollars in sales from the Central Bank of Iraq during the week
» Providing entrepreneurship initiative loans to more than 5,000 people
» Parliamentary Committee announces seeking to amend the Oil Ministry Law
» Directive from Al-Sudani to the Crisis and Disaster Management Center
» The drug scourge is worsening and Iraq launches a community campaign to confront it
» Suspended laws await Al-Mashhadani’s “hammer”… Parliament Speaker faces “complex” files and short ti
» Retirement Authority: Completing procedures for disbursing retirees’ salaries for the current month
» The regional finance department hands over the payroll lists to the federal finance department
» Morning list of dollar exchange rates in Iraq
» Al-Sudani receives invitation to participate in Arab-Islamic summit on Gaza and Lebanon
» Al-Maliki receives Al-Mashhadani and they stress the importance of activating the parliament's work
» Governmental move to transfer beneficiaries of the protection network to the Social Security Law
» Türkiye and Iraq.. Coordination against the Kurdistan
» Qatar affirms its aspiration to participate effectively in the path of development
» Amidst air alert, US forces resume training activity at Harir base
» Al-Sudani's advisor reveals the positives of the Central Bank's interest rate cut
» Leader in the framework: Ankara has 75 illegal military sites inside Iraq
» Parliamentary Committee Reveals New Details on Oil Smuggling
» Al-Sahaf: America relies on deception regarding the withdrawal of its forces from Iraq
» "It failed in its work".. Al-Salihi calls on Al-Sudani to include the defense in the ministerial cha
» With more than a billion dollars, Iraq is the fourth country that imports the most from Türkiye duri
» Parliamentary Committee announces seeking to amend the Oil Ministry Law
» Türkiye: Development Road Designs 90% Complete
» Al-Azzawi on the “Baghdadna” platform: It supports digital transformation files and provides service
» What are the positives of the Central Bank reducing interest rates? Al-Sudani’s advisor explains
» Foreign Report: A major Chinese company is exploring an oil field in central Iraq
» Governmental move to establish an administrative capital in Baghdad
» Al-Mandlawi and Al-Hakim agree to proceed with the legislation of important laws and activate the su
» Parliamentary Education Committee acquits the “education sector” of the spread of poverty and unempl
» The Ministry of Electricity denies the increase in tariffs and confirms the continuation of support
» MP calls for not passing the partnership contract between Iraq and the International Finance Corpora
» “A fraudulent maze” reveals “thorny” files that swallow the pockets of Iraqis
» "Sudanese Meter" .. Failure to achieve 57% of promises, and full and partial implementation reaches
» Al-Maliki's coalition denies that Halbousi supports Al-Mashhadani in reaching the parliament preside
» State of Law: Ministerial change is currently ruled out
» Independent candidates in Sulaymaniyah and Halabja reject the results of the Kurdistan Parliament el
» Al-Sudani and Erdogan discuss unifying positions on regional developments
» Iraq reduces oil exports and domestic consumption
» Parliament is unaware of the details of the 2025 budget and fears of a “shock” in oil prices
» Al-Mashhadani and Barzani stress the need to resolve pending issues and pass laws that serve the int