The International Monetary Fund expects growth in the Iraqi economy

The head of the International Monetary Fund mission in Iraq, Ghazi Shubaikat, expected growth in the Iraqi economy in light of the reforms adopted by the government, while stressing that Iraq must work to achieve financial sustainability while having the elements to achieve this goal.

Shubaikat said in a statement to the official newspaper, followed by (Al-Rabaa), that “the Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed the seriousness of the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund and this “It encourages strengthening cooperation in a way that serves the Iraqi economy, which suffers from chronic problems.”

He added, “The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises facing the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local framework…

Faceiraq.org