The World Bank announces in numbers the recovery of the Iraqi economy

Economie| 08:55 – 14/04/2022

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Baghdad – Mawazine News
, today, Thursday, the World Bank announced, in numbers, the recovery of the Iraqi economy, while it expected that the overall growth for the current year would rise to 8.9%.
And the World Bank said in a report, that “Iraq’s economy has begun to gradually recover from the double shocks of the epidemic and the collapse of oil prices,” noting that “oil and non-oil growth are on the right track to reach pre-epidemic levels with increased oil production and easing of Corona restrictions.”
He added, “Financial and external deficits returned to surpluses with the continued rise in oil prices,” expecting “the medium-term growth to be driven by the oil sector, with the gradual cancellation of OPEC + production cuts.”
“The outlook remains subject to significant risks, including uncertainties related to the impact of geopolitical tensions, the ongoing pandemic, security challenges and climate change,” the bank added.
And the World Bank confirmed in its report that “it is estimated that the real Iraqi GDP rose by 1.3 percent in 2021, after a sharp contraction of 11.3% in 2020, noting that “the recovery was mainly driven by the non-oil sector, which grew By 6% in 9 months of 2021 year-on-year, supported by the strong performance of the highly telecom sectors including the transportation, accommodation and retail sectors.
Regarding the Iraqi agricultural sector, the bank stated that “this sector shrank by 17.5% and 36.8%, respectively, in the wake of severe drought, power outages and the rise in global prices of inputs during 9 months of a year,” explaining that “the oil GDP shrank by 4% ( on an annual basis) as Iraq adjusted its oil production in accordance with the OPEC + agreement, and the general and core inflation rate rose to an average of 6% and 6.6% (on an annual basis) in 2021, respectively, after a 23% currency devaluation in December of 2020. and a gradual recovery in domestic demand.
And he indicated that “the shift in the oil markets led to a significant improvement in the economic outlook for Iraq in the medium term,” expecting that “the total growth in the current year will reach 8.9% with the end of the OPEC + quotas and Iraq’s production exceeding the pre-epidemic level of 4.6 million barrels per day.” .
The World Bank indicated that “growth in the coming years will continue at an average of 3.7% with moderation in oil production.” Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=190209

Sources: Washington informed Barzani.. We differ with the Iranians in all files except for the renewal of Barham’s

04/13/2022 02:02

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  • Section : Iraq

Baghdad / Obelisk: Informed sources revealed, on Wednesday, April 13, 2022, a clear and explicit position by the US administration, towards the extension of the current President of the Republic, Barham Salih.

The sources told Al-Masala, that the US administration informed the head of the Kurdistan Democratic Party, Massoud Barzani, that it is in agreement with the Iranian trend to extend Barham.

The sources quoted the text of the US letter to Barzani stating that Washington is different with Tehran in almost all files, but it agrees with it in extending Barham Salih as president of Iraq.

Last Sunday, Iraqi President Barham Salih warned against the continuation of the current political crisis that the country is going through, about 6 months after the elections, considering that it could lead to dangerous results.

 In a statement marking the 19th anniversary of the US occupation, Saleh called for a new political contract.   

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Al-Kazemi talks about his goals if he wins a new mandate as Prime Minister of Iraq

2,047 Policy  2022/04/14 13:45
Baghdad today – translated by Yasmine Al-Shafi 
Iraqi Prime Minister Mustafa Al-Kadhimi revealed, during his interview with the American newspaper “Washington Post”, that he wants a diversified and democratic Iraq, and the newspaper described this as a “noble vision”, but it is “fraught with dangers”, as Iraq now and always stands on the fault line between Iran and the world. Arabi. 
Al-Kazemi said during an interview that took place in his office in Baghdad with the American newspaper: “Our region cannot fight more wars.” 

Al-Kadhimi hopes that the United States and Iran can agree on a new nuclear deal as a first step toward easing tensions. “We need an agreement that brings some calm to the region,” he added.

Al-Kadhimi made it clear that he wanted continued US support, including a small non-combat military presence, to help stabilize the country. He continued, “We really believe in our relationship with the United States, as a country that helped us get rid of dictatorship and also develop our democratic system.”

The report noted that “Iraq, which lies at the focal point between Iran and the Arabs, remains the most impressive but also the most frustrating challenge in the region.” She reinforced the reason for this “being a large and fertile land, blessed with energy and other resources, with a dynamic but fluctuating population mix of Shiites, Sunnis and Kurds. For the country, there is Al-Kazemi, the leader strongly supported by moderate Arab states such as Egypt, Jordan and the United Arab Emirates, but he also speaks with Iran “

She pointed out that “the problem of Al-Kazemi and his American friends is that Iraq, for the time being, remains weak due to corruption, political fighting and Iranian interference. The Iraqis want a strong, well-managed country. On paper, there is now a parliamentary majority for a coalition of Shiites, Sunnis and Kurds to form a new government, Perhaps with Al-Kazemi remaining as prime minister. But forming a government has been impossible so far with all the difficulties faced by the political process in Iraq since the October elections until now.
The report stated that “Iraqi corruption and Iranian manipulation reinforce each other.” He recalled that “when he became prime minister in 2020, Al-Kazemi tried to clean up corruption by appointing the most powerful Iraqi policeman, Lieutenant-General Ahmed Abu Ragheef, to run a crime commission to follow up on murder and corruption. But under Iranian pressure, an Iraqi court last month ordered the arrest of Abu Ragheef. Al-Kazemi refused. Execution of the order, but the scene was depressing”
And the Washington Post continued, “The situation could get worse if the nuclear talks between the United States and Iran collapse, leaving Al-Kazemi in an uneasy position in the middle,” 

and a US official warned that if the talks collapse, “Iraq is likely to be a victim.”

When I asked the American sage, Al-Kadhimi, what his agenda would be if he were to get a new mandate as prime minister, he immediately answered, “Strengthening Iraq’s sovereignty.” So that he can resist external attempts to manipulate the country. 

His second goal is to “impose the state’s monopoly on arms.” He continued to discuss economic reform and privatization.
The newspaper concluded, “Al-Kadhimi’s goals are the right ones. But he will need help. This brings us back to the United States, which was at once Iraq’s best and worst friend in recent decades.”

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