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The International Monetary Fund is likely to lower the contraction rate of the Iraqi economy
10/12/2014 15:59
Awan / Baghdad
He favored the International Monetary IMF fund, said on Wednesday that the contraction of GDP growth for the economy of Iraq to about 0.5% rate of decline during 2014, and explained that the rate of contraction that is "better" than the previous forecast, which was up 2.7%, and as likely to reach a growth rate Iraqi economy is about 2% during 2015, stressed that the recent agreement between the central and regional governments in Baghdad will contribute to achieving it.
The IMF said in a statement released today, received a "time", a copy of it, that "the angel had met with senior Iraqi officials in Amman, among them Minister Finance and the Governor of the Central Bank to discuss recent economic developments of the country and the problem faced by Iraq with al Daash and falling oil prices.
Fund in his statement said that "the head of the IMF mission to Iraq Carlo Sdraljevic predicted that gross domestic product (GDP) growth of Iraq's rate shrinks by 0.5% during the year 2014 ", attributing the cause to" the effects of Daash crisis on the economy of the country. "
He said the fund, that "the rate of contraction ratio is the best previous forecast of the Fund last October, when he predicted that the economic growth of Iraq rate shrink by 2.7% this year," noting that "the expectations of improved economic growth rate reflected the rise in oil production rates."
The International Monetary Fund in its statement that "the forecast growth rates for 2015 will stand at the ratio of almost 2% with the continuity of high production and export of oil rates, which promote the agreement that was reached recently between the central government in Baghdad and the KRG about the quantities of oil exports. "
and between the Fund and also, that "the pace of new growth rate was stronger than guesses previous Fund for the month of October and identified by only 1.5%."
The Fund pointed out that "the non-oil sector growth rates in Iraq has dropped since the start of the fighting earlier this year with the organization (Daash) That is because the right of the destruction of infrastructure and the difficulty of obtaining fuel and electrical energy with low confidence levels in the investment side and rupture the commercial sector. "
the fund said in a statement, that "the impression that taking the International Monetary Fund on the oil industry in Iraq and thus the economy more glamorous because most of the Iraqi oil installations fields present in the south of the country away from the militants threats (Daash). "
Fund predicted that "Iraq's oil production up and in conjunction with what is produced from oil in the Kurdistan region to 3.3 million barrels per day, "noting it was" more than it was in 2013, which was an average of 3.1 million barrels per day with the expectations of survival export as it is rates since 2013 at a level of 2.5 million barrels per day. "
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10/12/2014 15:59
Awan / Baghdad
He favored the International Monetary IMF fund, said on Wednesday that the contraction of GDP growth for the economy of Iraq to about 0.5% rate of decline during 2014, and explained that the rate of contraction that is "better" than the previous forecast, which was up 2.7%, and as likely to reach a growth rate Iraqi economy is about 2% during 2015, stressed that the recent agreement between the central and regional governments in Baghdad will contribute to achieving it.
The IMF said in a statement released today, received a "time", a copy of it, that "the angel had met with senior Iraqi officials in Amman, among them Minister Finance and the Governor of the Central Bank to discuss recent economic developments of the country and the problem faced by Iraq with al Daash and falling oil prices.
Fund in his statement said that "the head of the IMF mission to Iraq Carlo Sdraljevic predicted that gross domestic product (GDP) growth of Iraq's rate shrinks by 0.5% during the year 2014 ", attributing the cause to" the effects of Daash crisis on the economy of the country. "
He said the fund, that "the rate of contraction ratio is the best previous forecast of the Fund last October, when he predicted that the economic growth of Iraq rate shrink by 2.7% this year," noting that "the expectations of improved economic growth rate reflected the rise in oil production rates."
The International Monetary Fund in its statement that "the forecast growth rates for 2015 will stand at the ratio of almost 2% with the continuity of high production and export of oil rates, which promote the agreement that was reached recently between the central government in Baghdad and the KRG about the quantities of oil exports. "
and between the Fund and also, that "the pace of new growth rate was stronger than guesses previous Fund for the month of October and identified by only 1.5%."
The Fund pointed out that "the non-oil sector growth rates in Iraq has dropped since the start of the fighting earlier this year with the organization (Daash) That is because the right of the destruction of infrastructure and the difficulty of obtaining fuel and electrical energy with low confidence levels in the investment side and rupture the commercial sector. "
the fund said in a statement, that "the impression that taking the International Monetary Fund on the oil industry in Iraq and thus the economy more glamorous because most of the Iraqi oil installations fields present in the south of the country away from the militants threats (Daash). "
Fund predicted that "Iraq's oil production up and in conjunction with what is produced from oil in the Kurdistan region to 3.3 million barrels per day, "noting it was" more than it was in 2013, which was an average of 3.1 million barrels per day with the expectations of survival export as it is rates since 2013 at a level of 2.5 million barrels per day. "
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