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Adviser for Abadi: Iraqi economy started recovering gradually but slowly

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Adviser for Abadi: Iraqi economy started recovering gradually but slowly

Tarikh التحریر:: 2016/7/25 10:52 • 197 times his read
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He said the Prime Minister's economic adviser Haider Abadi, the Iraqi economy started gradually recovering, but slowly."

Iraq faces a financial crisis since oil prices fall in July 2014, which constitute 90% of its imports, and conducted on the impact of Government austerity policy to reduce expenses and provide the necessary resources and take international loans to secure supplies of war on terror spending gangs, and staff salaries.

He said the appearance of Mohammed Saleh, all Iraq [where], that "Iraq is still in financial difficulty and don't want to be overly optimistic and not pessimistic at the same time, caution is required but there are insistent politically and economically to rotate the course successfully.

"Since so far bygone country day 2014 and properly and there was no failure by Government commitments last year and the first half of 2016 and that means there's a success for the Government's economic approach Haidar Abadi, this success should sustain the momentum."

Saleh said that "the Iraqi economy started recovering gradually but slowly and deal with the situation day by day, week by week."

The planning Minister Salman jumaili said on July 11, "Iraq most dangerous phase skip economic crisis after passing the first half of the year 2016, and that the world's confidence is growing the economy."

He hoped that "the second half of Iraq will end as best 2016 ISIS and the return of displaced people as well as having positive indicators of high oil prices on the world market as well as the results of the actions taken by the Government and economic treatments during the last phase."

The IMF last week said it posted a note to the Iraqi Government "that government hiring freeze policy will apply in most sectors and pension reform [salaries] and electricity charges to raise revenue."

The International Monetary Fund recently approved a loan on demand allowing Iraq to obtain payment worth 1.9 billion dollars.

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