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"IMF" expects GDP growth to Iraq

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1 "IMF" expects GDP growth to Iraq on Wed Nov 11, 2015 5:52 am

Rocky


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"IMF" expects GDP growth to Iraq





November 11, 2015 11:24
Direct: IMF staff at the conclusion of the IMF mission to Iraq, said Iraq is facing several challenges highlighted by the armed conflict with the Islamic State in Iraq and the Levant "Daash", as well as a decline in oil prices and that has caused a great shock to the balance of the Iraqi payments and revenues of the budget.
Fund experts and touched -ovq official statement of Sndouk- to GDP Iraqi expecting to achieve a growth rate of 1.5% at the end of this year, experts those expectations attributed to an increase in oil production in areas controlled by the Iraqi government and the regions of Kurdistan.
Fund experts and is expected to increase the deficit in the current account of the balance of the Iraqi payments to 7% by the end of this year, and also predicted decline in foreign exchange reserves, which amounted to 59 billion dollars or landing.


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