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World Bank - 20% of Iraq's population under the poverty line in 2012 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

World Bank - 20% of Iraq's population under the poverty line in 2012

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World Bank - 20% of Iraq's population under the poverty line in 2012 Empty World Bank - 20% of Iraq's population under the poverty line in 2012

Post by Ponee Wed Jan 28, 2015 11:52 am

 World Bank - 20% of Iraq's population under the poverty line in 2012 Iraq-children888-400x280  

World Bank revealed that the number of Iraq's population under the poverty line of 20% of the total 32.5 million people in 2012, and that a large proportion of people faced the specter of falling into poverty, despite the fact that Iraq produces about 2.5 million barrels of oil with expectations to increase production to 4 million barrels per day. 
In 2008, the World Bank raise the poverty line to $ 1.25 at the levels of purchasing power in 2005. 



Rogge said Nuri Shaways, Deputy Prime Minister for Economic Affairs and Chairman of the Supreme Committee of the strategy at a conference attended by the correspondent agency Anatolian said on Wednesday that "ease The poverty rate faced challenges of violence and terrorism and financial waste, and that poverty is the biggest economic challenge for the government, "noting that" a large proportion of Iraqis are still below the poverty level. " 


He revealed Iraqi Planning Minister Salman Jumaili today, that "the most important features of the economic situation in Iraq during the period from 2007 to 2012, according to the survey conducted by the Ministry of Planning showed that a fifth of Iraq's population in poverty despite the presence of oil revenues in that period, "adding that" the next strategy to alleviate poverty will shed light on the displaced and the impact of migration on the economic and living conditions and their psychological . " 


Iraq is seeking through the National Anti-Poverty Strategy, which began in 2009 to reduce the poverty rate from 23% to 16% implementation, and leads the provision of housing the most important demands of the poor in Iraq. 


Iraq has seen cases of internal and external displacement notably in 2003 after the US invasion of Iraq and cases the other between 2006 and 2007, during the sectarian fighting, and now after the control of the organization Daash some provinces north of the country. 


The World Bank said that the proportion of people living poverty line in Iraq rose despite the fact that the country experienced high economic growth of around 7% per year on average between 2008 and 2012 He pointed out that the most affluent populations claimed the largest percentage gains. 


While Iraq is struggling against "Daash" organization, who seized the provinces to the north of the country, threats, predicted the World Bank in a recent report that the growing Iraqi economy by 0.9% in 2015. 


hit Iraqi oil exports during 2014 about 918 million barrels, with revenues of more than $ 84 billion, down almost 6% compared to 2013. 
and up the deficit in the budget for Iraq in 2015 about 23 trillion dinars ($ 19.7 billion), representing 12% of the gross GDP, as will the decline in oil prices to the arrival of the current account deficit to 5% of GDP, according to a recent report issued by the Oxford Economics Foundation. 



refers World Bank, which was obtained by Anatolia, a copy of it on Wednesday that about half of Iraq's population report they teach less than the primary level, and nearly one-third of children aged up to five years suffer stunted, and more than 90% of households in Baghdad, Central and South provinces get electricity for less than 8 hours per day, and a third of men and 90% of women in the age group from 15 to 64 years old are not working nor looking for work, comes more than 60% of the calories consumed by the poor of the program to support the food at the national level. 


The World Bank said in a report obtained by the Anatolia that the current crisis in Iraq will increase conditions worse for the citizens, especially the most vulnerable, calling establishing peace and maintain security to improve economic growth.



The highlights of the World Bank in light report on the main impediments for the reduction of poverty and the efforts of containment in Iraq between 2007 and 2012, and stresses the need to maintain economic growth and management of oil revenues and diversification of the economy in favor of activities led by the private sector and non-oil sector in order to create a favorable climate for business, investment and job creation will intensify needed in the future.



The report recommends the application of a series of policies and priority actions in order to promote the welfare of the citizens, pointing out that between 2006 and 2007 , marked recovery in the oil sector, and higher revenues and increased government efforts to meet the high aspirations of the citizens. 
The World Bank said that the current crisis facing Iraq will have significant implications for the welfare of the people, and take processing time and the need for a coordinated effort. 


The report, which is based on two rounds of Qatar and overall between 2007 and 2012 household surveys, that the formation of an elected civilian government in the period from 2005 to 2006 was followed by a period of strong economic growth, however, poverty has not declined, but only slightly, and continued forms of severe deprivation in the dimensions of non-cash. 


says Nandini Krishnan, Senior Economist of the World Bank and the principal author of the report "reflects the results of the report also hard legacy of violence and vulnerability and institutional weakness in Iraq, who is facing enormous challenges in the long run may take a long time to overcome them." 
The report states that between 2007 and 2012, the government tried to re-distribution of oil revenues through public transfers and employment in the public sector, and the results were mixed.



The aim of the report's recommendations to develop a more inclusive strategy can support the relationship between the citizen and the state, despite the fact that this pays off in the medium and long term, and the application of an effective and comprehensive system of safety nets leads to remedy the deprivation and vulnerability of the population with multiple deficits in human capital correct.


2015-01-28


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