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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The World Bank warns the government of its “current approach”: an impressive decline that will hit t

    Rocky
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    • Post n°1

    The World Bank warns the government of its “current approach”: an impressive decline that will hit t Empty The World Bank warns the government of its “current approach”: an impressive decline that will hit t

    Post by Rocky Thu 08 Dec 2022, 5:03 am

    POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]The World Bank warns the government of its “current approach”: an impressive decline that will hit the Iraqi economy[/size]

    [size=45][You must be registered and logged in to see this image.]
    Baghdad Today - Translation[/size]
    [size=45]Today, Wednesday, the World Bank issued a report on the economic situation in Iraq, warning the government against continuing the “current economic approach,” calling on the authorities in Baghdad to take new measures to amend the budget for the next year 2023.[/size]
    [size=45]In its report, which was translated by (Baghdad Today), the World Bank explained that it is “concerned about Iraq’s high dependence on oil imports to achieve economic progress despite the breathing space it obtained as a result of high global demand and the price ceiling,” noting that “the continuation of the current approach will lead to a decline The Iraqi economy is effective in the event that the government's economic policies are not changed.[/size]
    [size=45]The World Bank also made it clear that “Iraq will suffer, during the next year 2023, from a financial deficit for non-oil resources by about 114 trillion dinars, or 58% of the total Iraqi non-oil economy,” stressing that “the high deficit in this aspect will cause damage.” the Iraqi economy at unprecedented rates.[/size]
    [size=45]The World Bank also stressed the need for "the budget for the next year 2023 to take into account the high price rates in Iraq and the escalation of the cost of living, and to regulate through laws and protection networks to ensure that the most vulnerable classes of citizens are not affected with regard to purchasing power."[/size]
    [size=45]The World Bank report ended with “emphasizing the need for the Iraqi government to take into account the development of the private sector to address the unemployment crisis inside the country during its preparation of the next budget, explaining that the additional funds that Iraq obtained from the rise in oil prices will go towards paying the deficit in the non-oil resource sectors, in If it is not addressed during the budget,” as he put it.[/size]
    [size=45]Source: Click here[/size]
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