Potential growth of the Iraqi economy

5/5/2016 0:00

Ali Hassan al-Fawwaz
As far as the Iraqi economy is facing a lot of deep problems, the ambition to overcome these problems will remain intact, but in light of the adoption of effective economic policies, and the adoption of promising plans could mitigate its consequences, and what puts the legitimacy of high economic growth and a national goal of Ba..ohsp that the IMF forecasts economic growth in Iraq, up - as the report says the IMF mission in Iraq to 2.9 percent for 2016 will be the prospect of any economic effort, but the face of the difficult conditions in which the Iraqi life-threatening, and most notably the war on terror costs, and lower oil prices, and the lack of seriousness in the implementation of economic programs investment.

High inflation and the deterioration of the currency and the poor performance of financial centers is the result of these problems, but the weakness of the face of complexity, and not to think about creating a sound investment economic environment and development would exacerbate the negative effects on the economic future, and this Mayazz see the International Monetary Fund of reality and the nature of economic policies, which would give a boost to get Iraq to international financing by the Fund, and according to a joint program with Alarac.icol the latest report of the international Monetary Fund is expected to rise in the overall rate of growth in oil-exporting countries in the region to 2.9 percent in 2016 and this increases to up to 3.1 percent 2017 compared to 1.9 percent in the past year as a result of the economic activity is oil in Iraq, Iran, Yemen and Libya, the report said about Iraq, indicating its ability to respond to the context of the loans granted by the Fund program, even though the deficit conditions has, and the weakness of the government's ability to spend.

Especially that the aid provided by the Fund normally associated requirements and procedures about spending and about the support materials and services in the popular sectors, or the implementation of some projects Alstratejah..an dealing with these difficult circumstances does not mean negative to rely, as far as Mataattalb need for an extraordinary mechanisms of action, and the incentives to be able a real incentive to reduce the deficit, and the effects of the economic downturn, as well as to find effective policies to rationalize and adjust spending and rehabilitation of the administrative program of state institutions, and impose real control on any messes or corruption in the money Am.an anticipate subsequent growth of the Iraqi economy - though difficult - indicates data It can be employed in this area, especially in the field of supporting chock economies, and in the banking policies tuning, and in reducing corruption and smuggling of currency and money laundering, as well as indicators on a slight rise in oil prices during the past few days, and the desire of many countries to control the oil windfall for the purpose of control prices as well.

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