World Bank expects the growth of the Iraqi economy by 4.3% in 2016
Baghdad / Hamed Ahmed
the bank said that" economic growth rates in countries where battles, such as Iraq, Syria, Yemen and Libya, will not improve soon unless it solves the stability and peace in which, as well as the impact of falling oil prices on their economies and caused a deficit which , "noting that" Iraq faces a deficit rate financial high, reached 14.5 percent in the past in 2015, resulting from the decline oil prices and the cost of war being waged against al
He suggested the World Bank, to" keep the economic situation in Iraq is fragile , with continuing violence and fighting and falling oil prices compared with a rise of military and humanitarian needs of the costs and theincreased incidence of internal displacement and displacement , "asserting that" GDP growth rate product (GDP ) to Iraq during the current 2016 will be 4.3 percent , with the possibility to rise to 5.6 percent during thenext year in 2017 ".
He estimated the bank," the damage to the water sector, transport , public buildings and municipal services and housing in four cities liberated from al Daash in Iraq, up to 362 to $ 443 million, "following up" The United Nations estimates that there more than eight million and 200 thousand Iraqis in need of humanitarian aid, estimated to cost up to $ 704 million, and that there are nearly three million Iraqi children out of school because of violence and war, and that more than 14 thousand teacher forced to flee the fighting conditions in the country. "
the United Nations has estimated there are more than three million and 400 thousand displaced people in Iraq, as well as several hundred others have been forced to migrate abroad as a result of violence and thedeterioration of economic conditions. It is
noteworthy that Iraq is suffering a financial deficit significant result of the repercussions of the war against terrorism and the decline in world oil prices, which forced him to use the IMF to get soft loans amounting to nearly $ 14 billion.
the World Bank predicted in the January 18, 2016 that the rate of growth of the Iraqi economy be during thecurrent 2016, about 3.1% after the He reached 0.5 in 2015, and attributed this to the recovery of oil and non - oil sectors and the presumption of diminished effects of appearance (Daash).