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Iraq indicates economic and financial recovery: We want more
Shafaq News/ Today, Monday, Prime Minister Mustafa Al-Kazemi chaired an economic meeting devoted to discussing the current financial and economic conditions in the country.
A statement by Al-Kazemi's office said that the meeting came "in light of the reports and positive indicators developed by the International Monetary Fund and the World Bank," and the meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects.
At the outset of the meeting, the Prime Minister affirmed that the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy.
He added that the momentum that succeeded in raising the country's economic situation must continue, and that we should continue to strive for more.
He listened to a detailed presentation by the Minister of Finance on the Iraqi economic reality and the good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that the total foreign currency reserves increased significantly, in addition to achieving a good level of revenues. According to the statement.
During the meeting, it was pointed out that Iraq controlled food prices locally, despite the double increase in their prices globally, as well as the achievement of growth in the domestic product that exceeds what was achieved in the countries of the Middle East and North Africa.
The report showed that inflation rates in the internal economy were controlled, and the current account balance rose, as well as a noticeable rise in the overall financial balance.
In its report issued last April, the World Bank confirmed that Iraq ranked first in the Arab world with the largest growth in GDP and per capita for the year 2022.
And the World Bank report expected that "Iraq's gross domestic product will grow this year by 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent, Saudi Arabia 7 percent, and Kuwait 5.7 percent."
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A statement by Al-Kazemi's office said that the meeting came "in light of the reports and positive indicators developed by the International Monetary Fund and the World Bank," and the meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects.
At the outset of the meeting, the Prime Minister affirmed that the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy.
He added that the momentum that succeeded in raising the country's economic situation must continue, and that we should continue to strive for more.
He listened to a detailed presentation by the Minister of Finance on the Iraqi economic reality and the good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that the total foreign currency reserves increased significantly, in addition to achieving a good level of revenues. According to the statement.
During the meeting, it was pointed out that Iraq controlled food prices locally, despite the double increase in their prices globally, as well as the achievement of growth in the domestic product that exceeds what was achieved in the countries of the Middle East and North Africa.
The report showed that inflation rates in the internal economy were controlled, and the current account balance rose, as well as a noticeable rise in the overall financial balance.
In its report issued last April, the World Bank confirmed that Iraq ranked first in the Arab world with the largest growth in GDP and per capita for the year 2022.
And the World Bank report expected that "Iraq's gross domestic product will grow this year by 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent, Saudi Arabia 7 percent, and Kuwait 5.7 percent."
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