Iraq's economy to grow 3.1% in 2016. And Zebari on salaries "unsuccessful"

2016/06/07 13:39

Baghdad/Obelisk: World Bank predicted that Iraq will achieve an economic growth rate of 3.1% through the year 2016 as a result of the recovery of oil and non-oil sectors, compared to 0.5% for 2015.

The Bank stressed that the ongoing conflicts damaging economic activity in Iraq, Libya, Syria and Yemen and the loss of life and destruction of infrastructure and trade, however, the World Bank predicted a high growth rate in Iraq.

The World Bank predicted higher growth in the Middle East and North Africa to 5.1% in 2016 compared to 2.5% in 2015.

The Bank attributed the increase to the anticipated lifting of economic sanctions on Iran which will allow them to play a bigger role in global energy markets.

This expectation of the World Bank, reduces the significance of remarks by Iraqi Finance Minister last week on Baghdad's inability to provide salaries for employees next April.

According to Zebari, retreat from his statement and said that the Federal Government was able to pay staff and continue to provide.

She criticized political and academic circles and Zebari, match statements to employees and retirees "wrong turns".

And give Iraqis confidence in Prime Minister Haidar Al-Abbadi on the Government's obligation to provide salaries.