Two sources will flood Iraq with money .. Baghdad is on the verge of economic recovery
Yes Iraq: Baghdad… The advisor to the economic ministers, the appearance of Muhammad Saleh, revealed positive indicators of the recovery of the Iraqi economy, while oil prices began to rise rapidly, he spoke of a 4% rise in the growth of the agricultural sector and production in the country.
Saleh explained, “Iraq is on the edges of economic recovery at present in two areas. The first is that there is a tangible agricultural boom that will achieve growth in non-oil GDP in the year 2021 by more than 4%, which is about one and a half times higher than the population growth, and the second range is A boom in the energy demand sector in the world. Oil prices have gradually recovered, which is a positive indicator that strengthens the country’s overall financial capacity.
Saleh stressed “the need to deal with this matter with great caution, by laying a foundation for sustainable development and reducing economic shocks.”
He pointed out that “the international community supporting Iraq through the International Financial Alliance team, which was established months ago, expressed its desire to support the established principles for the sustainability of growth in the national economy, as expressed in the white paper recently approved by the Council of Ministers by establishing a blueprint and an institutional entity (for economic reform), which is considered The support for this developmental sustainability.
He added, “The formation of the Supreme Committee for Reform that will have decisive and radical executive decisions to promote productive, investment and operational activity in the public and private sectors will be supported by a large international presence represented by multilateral international financial institutions and the Group of Seven Major Industrial Countries.” “By participating in the reconstruction and establishment of the reform and transformation team in the country from (crisis economy) to (construction economy and sustainable development), to be the cornerstone of the economic transition for development.”
For his part, the oil expert and economist Nabil Al-Marsoumi wrote that “the third largest oil exporter in the world is on the verge of economic recovery, not because of the implementation of government white paper policies, but because of high oil prices, which is the source of recovery and the source of misery as well !!”