Zebari World Bank: Iraq complains about the fragility of the structure of the economy, which needs substantial changes

Finance Minister Hoshyar Zebari said, during his participation in the annual meeting of the International Monetary Fund and the World Bank, that Iraq complain of the fragility of the economy in the rent structure, which needs to be fundamental changes. According to a ministry statement, received by the agency all of Iraq [where], a copy of it that Zebari "presided over on Thursday, the Iraqi delegation to the annual meeting of the International Monetary Fund and the World Bank which will be held in Lima, Peru for the period 9-11 2015 and participated in the seminar organized by the Bank International on the sidelines of the annual meeting of the Fund and the World Bank about the vulnerability in middle-income countries.

"said Zebari, according to the statement, in his speech as a keynote speaker at the seminar mentioned, to" the challenges facing Iraq in this aspect, "noting that" Iraq does not face such this problem in all its regions, but in some places affected by the war on terrorism and the occupation of Daash gangs of terror to those lands. "He added that" Iraq is a country rich in natural resources, particularly oil wealth, but the drop in oil prices in the global market and the threat of terrorism Daash may impact on Iraq's ability to finance its budget, which form a deficit which, "explaining that" this side of the fragility faced by Iraq at this stage, to its dependence on a single supplier, which requires the diversification of its resources, "stressing that" this is sought by the government in order to maximize resources and stimulate the economy, and reforms of administrative, economic and anti-corruption.
"He noted that" the government has recently proceeded to a series of reform measures, and a commitment to international transparency standards in providing and disseminating 2016 budget, on time, and Iraq is not grumbling from the political fragility because he has a constitution and institutions of a viable and continue , but complain about the fragility of the economy rentier structure and which needs to be fundamental changes.
"The statement continued that" the World Bank Vice President for Operations Kyle Peter, the panel discussion which was attended by a large two economies advisers and official bank for the Near East and North Africa, and in addition to the participation of the minister participated Minister Jordan financial and civil society representatives from Tunisia, Libya, Palestine and Lebanon in the international symposium ".