Central Bank: Iraq is seeking to increase its GDP to more than 13% and non-oil activities at a rate of (7.5%) per annum

Admin Mon May 05, 2014 6:52 am

05/05/2014 12:02

Long-Presse / Baghdad

Central Bank of Iraq, on Monday, that the National Development Plan 2013-2017, seeks to raise the economic growth and the implementation of reform programs and development projects are many, as he emphasized that such a plan and policy aim to raise the GDP growth at an annual rate (13.3%) and the development of non-oil activities at an annual rate (7.5%).

The administration has said the central bank in response to questions addressed to them (range Press), "The National Development Plan 2013-2017, seeks to raise the economic growth, especially in light of the improvement in the economic climate and the surge expected from crude oil production and export, as well as the commitment to implement the reform programs and projects existing development and targeted. "

The bank said that "the development plan and the political central bank aims first to raise the GDP growth at an annual rate (13.3%) during the years of the plan (2013-2017), and to the development of economic activities in non-oil, commodity and distribution and service, an annual growth rate of (7.5%), "noting that" the axis of the third five-year development plan, including the need to develop activity of crude oil at an annual rate (18.7%). "

Iraq has been launched in May of 2010, the National Development Plan Five-Year 2010-2014, under the theme "Towards Iraqi economy diverse and sustainable", in order to reduce disparities between urban and rural areas, and the creation of infrastructure and providing social services and jobs, and increase GDP by 9, 38 percent annual growth rate during the period of the plan with work to diversify the economy, which currently relies on oil imports.

It also launched the ministry (16 September 2013), five year development plan for the years 2013-2017 within the celebration organized by the ministry at the Rashid Hotel in Baghdad, which aims to reduce disparities and barriers between urban and rural areas, and the creation of infrastructure and providing social services and jobs, in addition to diversify the economy, which depends Currently on oil imports.

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