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The Ministry of Finance expects a gradual recovery of the economy I_icon_minitimeMon Jan 15, 2024 5:43 pm by RamblerNash

The Ministry of Finance expects a gradual recovery of the economy

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The Ministry of Finance expects a gradual recovery of the economy Empty The Ministry of Finance expects a gradual recovery of the economy

Post by RamblerNash Sun Nov 14, 2021 11:27 pm

The Ministry of Finance expects a gradual recovery of the economy 938976-86966efd-54bd-47ee-bf50-c10e2b6fdc48
Sunday 14 November 2021 12:48
 
Baghdad / NINA / - The Ministry of Finance expected a gradual recovery of the Iraqi economy after the contraction of the Corona pandemic last year, explaining that: the white paper is a comprehensive framework for addressing dependence on oil and structural problems.

And the ministry stated in a statement that: The Corona pandemic had a significant impact on Iraq’s gross domestic product in 2020. It

indicated that: Adopting the current exchange rate in order to supplement national production, protect the central bank’s reserves, and support the state’s general budget.

In its statement, the ministry added: "During the past three years, we have borne the burden of a stifling financial crisis that has threatened the state's ability to fulfill its obligations."

She explained: The improvement in the global oil market conditions is expected to enhance economic growth, indicating that: Iraq is one of the most oil-dependent countries in the world./End 3

https://ninanews.com/Website/News/Details?key=938976
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