Business & Economy

Iraq’s economic growth

The International Monetary Fund confirmed that Iraq will achieve a high growth rate, compared to the Gulf countries, during the current year 2021.
According to a schedule issued by the Fund and published by the Iraqi Alsumaria News website, he said: “It is expected that Iraq will achieve economic growth for the year 2021 that is higher than the oil-rich Gulf countries.”

Iraqi Prime Minister Haider al-Abadi during the Iraqi parliament session in Baghdad, Iraq September 8 20
Iraqi MPs: The World Bank is not ready to discuss granting any new loan to Baghdad
He explained that this economic growth will be 3.6%, noting that “the economic growth of the Arab Gulf states and the countries neighboring Iraq will witness unevenness.”

Regarding the growth of the Gulf countries, the Fund’s table showed its lowest expectations, as it said that Saudi Arabia will witness “an economic growth of 2.8%”, while Oman will achieve 2.5%, Qatar 1.9%, Kuwait will witness an economic growth of 0.9%, and the UAE will witness growth up to 2.2%.

It is noteworthy that a meeting was held between the Iraqi Prime Minister, Mustafa Al-Kazemi, and the President of the World Bank, David Malpass, at the residence of the first in the American capital, Washington, during his official visit, which lasted several days, where Al-Kazemi and the President of the World Bank discussed cooperation between the two sides regarding financing infrastructure projects. Infrastructure, which includes water, airports and natural gas

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