Monetary Fund and the World Bank classifies Iraq as part of "positive gap"

Published on Saturday, October 13 1 / Okrudolf 2012 10:53 | Written by: mg.ar | | | Hits: 94
BAGHDAD / obelisk: The Governor of the Central Bank of Iraq Sinan Shabibi, Saturday, that the IMF and the World Bank agreed to put Iraq under the name of "positive gap" of the economy during the debates Association institutions held in Japan.

Said Shabibi for "obelisk", "The IMF and the World Bank agreed to put Iraq under the designation site gap positive for the economy during the debates Program Association institutions held in the Japanese capital Tokyo," pointing out that "the two institutions Wars called for Iraq to do more to attract foreign investor and global capital to work in Iraq and not continue to rely on oil as a resource basis of the national economy. "

Shabibi pointed out that "the meeting emphasized the importance of exploiting the opportunity to make way for the international experience in the field of finance, construction and infrastructure."

Shabibi considered "the existence of Iraq in a positive gap of the financial crisis means that it is not affected much by higher food prices because of its resources of oil, which is up by one in the world because of the increased demand for it."

It is noteworthy that Iraq produces about 2.7 million barrels of crude oil per day, and expects the Iraqi Oil Ministry to increase its production ceiling to three million barrels late 2011, while total exports of Iraqi crude oil of about 2.1 million barrels per day, and most of those quantities exported by tankers freely During the ports of Basra (virgin deep) and Amaya Alaaúmin, and are located within Iraqi territorial waters and pumped to two oil through pipes freely relate warehouses storing coastal located near the center of Faw, about 100 km south of the city of Basra, while exports quantities produced from the northern fields to the port Ceyhan on the coast of the Mediterranean through a tube conveyor, and the remaining quantities exported to Jordan using pelvic carriers.

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