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Established in 2006 as a Community of Reality

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IMF: Reconstruction in liberated cities is slow

rocky
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Post by rocky on Sat 27 Jul 2019, 6:26 am

IMF: Reconstruction in liberated cities is slow

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Economy News Baghdad
The International Monetary Fund (IMF) said that reconstruction in Iraqi cities liberated from Da'ash is proceeding at a slow pace.
The IMF said in a press release after the conclusion of the Executive Council Article IV consultations for 2019 with Iraq and viewed by the "economy News", the non-oil GDP rose by 0.8% year on year in 2018, referring to "weak implementation of reconstruction And other public investments. "
The IMF stressed that "the gross domestic product (GDP) shrank by about 0.6 percent with the reduction of oil production under the OPEC + agreement," and predicted that "the budget will return to a deficit of 4% of GDP in 2019."
Growth in non-oil GDP is also expected to reach 5.5% in 2019, but will decline again in the medium term.
The IMF warned of two things: "the main risk to the prospects of falling oil prices, which could reduce exports and reduce budget revenues, and thus lead to a sharper decline in reserves or a sharper rise in public debt" and "risks stemming from tensions And the possibility of social unrest in the context of weak public services and lack of progress in the fight against corruption.
The IMF stressed that the Iraqi authorities should "seize the opportunity to improve the security situation and increase oil prices to implement structural policies and reforms aimed at ensuring macroeconomic and financial stability, addressing long-standing social problems and promoting sustainable and inclusive growth."

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Proven
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Post by Proven on Sat 27 Jul 2019, 10:00 am

Thanks Rocky.

Non-oil revenue = Tariffs.  



Iraq told to: "Seize the opportunity."

Potential social unrest due to lack of progress.


Very clear message.  

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azareus
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Post by azareus on Sat 27 Jul 2019, 12:13 pm

Only 6 months ago Proven
Wonder IF they have been offered Art viii?
Wheelman
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Post by Wheelman on Sat 27 Jul 2019, 12:23 pm

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After reading this, and reading the MOI signed with Kuwait last week (donor funds) article 8 is here, IMF telling them (benefits of increasing) Financial Inclusion. How can they do that without article 8.🤔
Diamond
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Post by Diamond on Sat 27 Jul 2019, 12:46 pm

[You must be registered and logged in to see this link.] wrote:Only 6 months ago Proven
Wonder IF they have been offered Art viii?
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lonelyintexas
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Post by lonelyintexas on Sat 27 Jul 2019, 12:51 pm

IMF report finally has great things in it.
LIT
Lobo
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Post by Lobo on Sat 27 Jul 2019, 1:20 pm

Everything is timing, remember the CBI said that the Trade Banks in Saudi, Dubai and China would be operational by August - they knew something then and was preparing the banks to be operational.  August 1 is Thursday - KEEP PRAYING

flower flower flower
Wheelman
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Post by Wheelman on Sat 27 Jul 2019, 1:24 pm

New CBI Governor!✅✅✅
Diamond
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Post by Diamond on Sat 27 Jul 2019, 4:58 pm

IT:S GONNA HAPPEN !!!!!!!!!!!! SOOOOOOOOOOOON  Dance banna2 banna3
Diamond
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Post by Diamond on Sat 27 Jul 2019, 7:32 pm

imf restored iraqs right for currency an mcp under ARTICLE 8 in offical imf

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