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IMF: Iraq's economy will grow this year by 2%
1/12/2015
BAGHDAD / newspaper rectitude - The International Monetary Fund recently, his report on the economic outlook for the countries of the world, and expected growth of the Iraqi economy during the year 2015 at a rate of 2%. The report said that "Iraq's economy shrank in 2014 by 0.5% due to the resulting war against Daash economic effects», and likely «deterioration of the growth in non-oil sector in Iraq since the conflict began with Daash, because of the destruction of infrastructure, and the obstacles to obtaining fuel and electric power in the country, as well as lower the confidence of the business community, and the disruption of trade ». The delegation will visit the Organization of Iraq, and meet with officials, to prepare a report on the economic risks in Iraq in 2015. And predicted that the growth rate of the economy this year, 2% with the increase in oil production, thus increasing oil exports, backed the agreement, which the federal government reached with the Kurdistan Regional Government, which will ensure its access to oil revenues, the source of the north, as well as facilitate the export of oil from the Kirkuk fields, via the oil pipeline stretching in Kurdistan to the Turkish port of Ceyhan.
The arrival of Iraq's oil production is also expected in 2014 to 3.3 million barrels per day, from 3.1 million barrels per day in 2013 due to the oil infrastructure survival lies in the south of the country away from the control Daash, as well as taking into account the production of Kurdistan's oil region, pointing that Iraq's oil exports will remain at the same level in 2013, amounting to 2.5 million barrels per day.
He explained that the inflation rate by the end of October in the Iraqi provinces outside the conflict zones reached on an annual basis of 0.9%, noting that "the Central Bank of Iraq has maintained linking the Iraqi dinar in US dollars, while the difference between the US dollar exchange rate in the official and parallel market fell up to 2.6% in September, thanks to the steps taken by the central bank towards the liberalization of the foreign exchange market. The report indicated that the high volume of Iraqi imports, accompanied by lower oil revenues, and the lack of converter foreign exchange from the Iraqi government and the Central Bank in order to finance government spending contributed to the reduction of Iraq's foreign exchange reserves of $ 77 billion by the end of 2013 to about $ 67 billion by the end of November Almadi.anthy 4
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1/12/2015
BAGHDAD / newspaper rectitude - The International Monetary Fund recently, his report on the economic outlook for the countries of the world, and expected growth of the Iraqi economy during the year 2015 at a rate of 2%. The report said that "Iraq's economy shrank in 2014 by 0.5% due to the resulting war against Daash economic effects», and likely «deterioration of the growth in non-oil sector in Iraq since the conflict began with Daash, because of the destruction of infrastructure, and the obstacles to obtaining fuel and electric power in the country, as well as lower the confidence of the business community, and the disruption of trade ». The delegation will visit the Organization of Iraq, and meet with officials, to prepare a report on the economic risks in Iraq in 2015. And predicted that the growth rate of the economy this year, 2% with the increase in oil production, thus increasing oil exports, backed the agreement, which the federal government reached with the Kurdistan Regional Government, which will ensure its access to oil revenues, the source of the north, as well as facilitate the export of oil from the Kirkuk fields, via the oil pipeline stretching in Kurdistan to the Turkish port of Ceyhan.
The arrival of Iraq's oil production is also expected in 2014 to 3.3 million barrels per day, from 3.1 million barrels per day in 2013 due to the oil infrastructure survival lies in the south of the country away from the control Daash, as well as taking into account the production of Kurdistan's oil region, pointing that Iraq's oil exports will remain at the same level in 2013, amounting to 2.5 million barrels per day.
He explained that the inflation rate by the end of October in the Iraqi provinces outside the conflict zones reached on an annual basis of 0.9%, noting that "the Central Bank of Iraq has maintained linking the Iraqi dinar in US dollars, while the difference between the US dollar exchange rate in the official and parallel market fell up to 2.6% in September, thanks to the steps taken by the central bank towards the liberalization of the foreign exchange market. The report indicated that the high volume of Iraqi imports, accompanied by lower oil revenues, and the lack of converter foreign exchange from the Iraqi government and the Central Bank in order to finance government spending contributed to the reduction of Iraq's foreign exchange reserves of $ 77 billion by the end of 2013 to about $ 67 billion by the end of November Almadi.anthy 4
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