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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    International Monetary Fund: Iraq's economy has declined and its reserves have fallen to 45 billion

    Rocky
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    International Monetary Fund: Iraq's economy has declined and its reserves have fallen to 45 billion Empty International Monetary Fund: Iraq's economy has declined and its reserves have fallen to 45 billion

    Post by Rocky Thu 10 Aug 2017, 2:45 am


    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.

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