View Full Version : IMF praises steps Iraq 03-22-2015

03-23-2015, 12:56 AM
IMF praises steps Iraq

3/22/2015 0:00

BAGHDAD - morning,

head of the IMF mission Sidr Alvić said to Iraq at the end of his talks with representatives of the government, "said the Iraqi authorities were working to take proactive steps to deal with the dual shock which is to regulate" Daash "and the collapse of oil prices attacks, which caused serious damage to the economy. These efforts led to the approval of the amended budget for 2015 project speed, based on the encouraging progress toward a permanent agreement between Baghdad and the Kurdistan region of Iraq on oil exports from the territory of the North.

and praised the President's mission to the cooperation of the Iraqi government and conducted with the frank and fruitful discussions pour into the Iraqi economy service. He Alvić that the war against Daash did not lead to stop the expansion of the oil sector of each oil-producing regions, and expected that exports of 2.5 million barrels rise every day in 2014 to 3.1 million barrels a day this year, taking advantage of the agreement with the Kurdistan Regional Government. However, due to the low economic activity in the occupied territories of the organization "Daash" and the rigidity of government spending, estimated to shrink GDP growth by more than 2 percent in 2014 is expected to come back to rise just over 1 percent this year . The record inflation rate low in outside the control of "Daash" regions, where it was less than 2 percent at the end of 2014, but it may rise after the ongoing implementation of the measures raising tariffs.

The international reserves fell to the Central Bank of $ 87 billion at the end of 2013 to 66 billion dollars at the end of 2014 due to lower oil revenues and the high level of imports. And reflects the level of international reserves at the end of 2014 the Development Fund for Iraq of 0.7 billion dollars and the balance of which was converted to the Central Bank in Baghdad last March. Therefore, the total foreign assets of 84.3 billion dollars, fell to $ 66 billion in the context of last year.