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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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    World Bank: Iraqi oil production will be affected by sanctions on Russian companies

    Rocky
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    World Bank: Iraqi oil production will be affected by sanctions on Russian companies Empty World Bank: Iraqi oil production will be affected by sanctions on Russian companies

    Post by Rocky Fri 18 Nov 2022, 5:28 am

    World Bank: Iraqi oil production will be affected by sanctions on Russian companies

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    Economy News - Baghdad
    The World Bank confirmed that Iraqi oil production will be affected if Russian oil companies in Iraq are affected by international sanctions on Russia.
    The World Bank said in a report on the Iraqi economy, of which "Al-Iqtisad News" obtained a copy, that the rise in oil prices could negatively affect the local effort towards reforms, which thus deepens the structural economic challenges facing Iraq.
    He added that the severe effects of climate change and water scarcity will reduce agricultural production.
    He pointed out that reforms related to state-owned banks can be accelerated by enhancing their effectiveness and governance, which strengthens the financial sector and increases the private sector's access to financing.
    He stressed that the white paper will remain a bold model for developing a comprehensive economic reform program towards economic diversification, pointing out that food production has failed to meet the demand resulting from rapid population growth, as agricultural production has recently suffered severe droughts and high prices of agricultural inputs.



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    Added 11/17/2022 - 7:55 PM
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