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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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Finance: the “white paper” is a comprehensive framework for addressing oil dependence

rocky
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Finance - Finance: the “white paper” is a comprehensive framework for addressing oil dependence Empty Finance: the “white paper” is a comprehensive framework for addressing oil dependence

Post by rocky Sun 14 Nov 2021, 7:34 am

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  • Baghdad - IQ  



The Ministry of Finance clarified, on Sunday (November 14, 2021), that the "white paper" is the comprehensive framework for addressing dependence on oil to supplement the Iraqi economy.
In a statement received by IQ News , the ministry said  , "We have adopted the exchange rate to supplement national production, protect the central bank's reserves and support the budget," noting that "during the past three years, we have borne the burdens of a stifling financial crisis that threatened the state's ability to fulfill its obligations."
She pointed out that "economic growth has begun to recover gradually in the wake of the contraction of the Corona pandemic last year," noting that "it is expected that the improvement in the conditions of the global oil market will enhance economic growth."
She added that "Iraq is one of the most oil-dependent countries in the world," noting that "the Corona pandemic had a significant impact on Iraq's gross domestic product in 2020."
In its statement, the ministry indicated that "the white paper is a comprehensive framework for addressing oil dependence and structural problems."
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