Home
World Bank representative for the morning {}: help Iraq out of crisis
4/20/2015 0:00
BAGHDAD
urged the World Bank mission in Iraq, the government has to take a number of measures that would improve the economic situation in the country, stressing the need for there to be more fiscal consolidation through revenue and expenditure measures. While the mission stressed the need for Iraq urgent, to contain the deficit in 2015 constant level with funding constraints, urged the importance of easing the pressure on the financing gap in Iraq and the tightening of domestic demand to contain the decline in international reserves, in order to get out of the economic crisis plaguing the country at the time Alhala.oukal Special Representative of the Mission Robert presence in a statement singled out the "morning": that the financial situation in Iraq has deteriorated significantly in 2014, the country suffered a financial deficit accounted for five percent of GDP, due to lower revenues and cost escalating military operations, anticipated widening deficit dramatically over the next year if oil prices remain Mnkhvdh.oadhav that the Iraqi economy shrank during the year as a result of the conflict with "Daash" and the decline in world oil prices, which led to a decline in GDP of more than two percent, after growth of 4.2 percent over the past year , warning of deterioration in the non-oil growth in the country since the beginning of the war on terrorism because of the destruction of infrastructure, and impeding access to fuel and electricity, and low confidence in the business sector, and the disruption of trade, these things are all jointly contributed to the decline in GDP growth in the non-oil by 5.2 percent in 2014, compared with growth of 7.3 percent in the year 2013.
[You must be registered and logged in to see this link.]
--
4/20/2015 0:00
BAGHDAD
urged the World Bank mission in Iraq, the government has to take a number of measures that would improve the economic situation in the country, stressing the need for there to be more fiscal consolidation through revenue and expenditure measures. While the mission stressed the need for Iraq urgent, to contain the deficit in 2015 constant level with funding constraints, urged the importance of easing the pressure on the financing gap in Iraq and the tightening of domestic demand to contain the decline in international reserves, in order to get out of the economic crisis plaguing the country at the time Alhala.oukal Special Representative of the Mission Robert presence in a statement singled out the "morning": that the financial situation in Iraq has deteriorated significantly in 2014, the country suffered a financial deficit accounted for five percent of GDP, due to lower revenues and cost escalating military operations, anticipated widening deficit dramatically over the next year if oil prices remain Mnkhvdh.oadhav that the Iraqi economy shrank during the year as a result of the conflict with "Daash" and the decline in world oil prices, which led to a decline in GDP of more than two percent, after growth of 4.2 percent over the past year , warning of deterioration in the non-oil growth in the country since the beginning of the war on terrorism because of the destruction of infrastructure, and impeding access to fuel and electricity, and low confidence in the business sector, and the disruption of trade, these things are all jointly contributed to the decline in GDP growth in the non-oil by 5.2 percent in 2014, compared with growth of 7.3 percent in the year 2013.
[You must be registered and logged in to see this link.]
--
