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Parliamentary Committee: Iraq is on the verge of a major investment and economic boom
Economy | Yesterday, 18:47 |
Baghdad Today - Baghdad
The Parliamentary Investment and Development Committee confirmed today, Monday (December 23, 2024), that
Iraq is on the verge of a major investment and economic boom during the next stage.
Committee member Muhammad Radi told “Baghdad Today” that
“the stability achieved at the political, security, and governmental levels
will lead to important and large investment opportunities during the next stage, and
this will generate great prosperity at the economic level, and
this will lead to an important reconstruction leap on various levels.” Infrastructure. Radhi added,
"The Iraqi government has achieved successes in the
investment file and
strengthening the economic and financial conditions, and
these successes have been reflected positively on the
services,
reconstruction and
development file, and the
next stage will demonstrate these successes to a greater extent through investment and economic prosperity at various levels."
In April 2024, the International Monetary Fund expected the Iraqi economy to grow by 1.4% in 2024 and 5.3% in 2025, and urged structural reforms and debt stability.
The Iraqi government also announced a decrease in unemployment from (16.5%) to (14.4%), a reduction in the poverty rate from (23%) to (17%), and a reduction in the inflation rate from (6.1%) in 2021 to (2.5%). Non-oil revenues increased to (14%), after representing (7%) of the budget.
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Economy | Yesterday, 18:47 |
Baghdad Today - Baghdad
The Parliamentary Investment and Development Committee confirmed today, Monday (December 23, 2024), that
Iraq is on the verge of a major investment and economic boom during the next stage.
Committee member Muhammad Radi told “Baghdad Today” that
“the stability achieved at the political, security, and governmental levels
will lead to important and large investment opportunities during the next stage, and
this will generate great prosperity at the economic level, and
this will lead to an important reconstruction leap on various levels.” Infrastructure. Radhi added,
"The Iraqi government has achieved successes in the
investment file and
strengthening the economic and financial conditions, and
these successes have been reflected positively on the
services,
reconstruction and
development file, and the
next stage will demonstrate these successes to a greater extent through investment and economic prosperity at various levels."
In April 2024, the International Monetary Fund expected the Iraqi economy to grow by 1.4% in 2024 and 5.3% in 2025, and urged structural reforms and debt stability.
The Iraqi government also announced a decrease in unemployment from (16.5%) to (14.4%), a reduction in the poverty rate from (23%) to (17%), and a reduction in the inflation rate from (6.1%) in 2021 to (2.5%). Non-oil revenues increased to (14%), after representing (7%) of the budget.
[You must be registered and logged in to see this link.]
