Saturday, March 23, 2013

IMF: expectations of higher Iraq's economic growth to 9%

03/23/2013



Welcomed the IMF accelerated the pace of growth in Iraq thanks to oil exports, but expressed concern about the points «accumulated structural weaknesses in the country ten years after the US-led invasion.
IMF promised in a statement issued at the end mission in Iraq «in spite of the security and political environment difficult, Iraq succeeded in maintaining the stability in terms of economic sectors in the last two years.
And after he scored «about 8 percent in 2012, will see the Iraqi economic growth accelerated more this year to Astl to 9 percent, driven by b« escalating capacity oil production, according to the fund.
And accelerated exploitation of oil, the country's largest wealth, since the US-led invasion, despite the violence and corruption.
He considered the International Monetary Fund, however, that Iraq still suffers from a «serious structural weaknesses, particularly of unemployment 'high' and bad business environment and the weakness of the non-oil sector.
And wrote the International Monetary Fund that «Iraq should face significant challenges in the medium term to find the conditions for strong growth and lasting necessary to improve the conditions of life of its inhabitants.

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