The U.S. Embassy in Baghdad: the Iraqi Government made some major reforms to improve

The U.S. Embassy in Baghdad: the Iraqi Government made some major reforms to improve the investment climate (details)


04-09-2016 04:19 PM


The US Embassy in Baghdad outweighed, on Sunday, the IMF projects growth in non-oil sectors in Iraq by the year 2018, Iraq has revealed that a candidate for accession to the WTO, pointed to the need for the Iraqi Government, some of the main reforms to improve the investment climate, the World Bank and Washington identified sectors that could be developed to contribute to attracting investment in Iraq.


And the US Embassy spokesman in Baghdad, Kim Dubois in a press statement, that ' Iraq need financial stability to develop so that the standby agreements the IMF credit and related support will help facilitate stronger financial position over the next few years, especially with a slight rise in oil prices, returned to Iraq ' need to focus on ensuring the stability of the oil sector and expanding non-oil revenue sources.


Dubois said that ' the IMF projects growth in non-oil sectors of Iraq's economy will be slow through the year 2016, and then begins to rise by the year 2018 ', adding that ' non-oil investment productivity is crucial for Iraqis '.


Predicted Dubois, ' turning the Iraqi economy to a more market-oriented economy, being focused on his business dealings with the international community, including the penned and other trading partners, so keen on membership of the international community through its cooperation with international organizations including the International Monetary Fund and the World Bank and the United Nations and the League of Arabic ', adding that ' Iraq candidate for accession to the WTO.


The spokesman said the American Embassy, that Iraq needs to do some major reforms to improve its climate for investment to both sides ' foreign and Iraqi, pointing out that the World Bank and the Government of the United States identified the sectors that will be developed to contribute to attracting investment and job creation and development of the Iraqi economy.


Dubois, noted that the International Monetary Fund will provide $ 5.4 billion to Iraq over the next three years, adding to the Bank's plans to help Iraq with an additional loan worth three billion dollars, adding that ' this assistance comes in addition to the existing loans of these institutions and providing billions in support of infrastructure projects and cover the budget deficit.


Dubois stressed that ' the IMF programme and international donors, including the United States provided billions of dollars in additional aid to Iraq, vowing to ' keep us working together with the International Monetary Fund and the World Bank and others to assist Iraq in achieving financial stability '.


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