GOLDILOCKS
“Shafaq News/ The International Monetary Fund (IMF) indicated a “significant decline” in inflation rates in Iraq, which was reflected in the decline in food and energy prices and the stability of the foreign exchange market in Iraq.
According to the Ministry of Finance, an Iraqi delegation headed by Finance Minister Taif Sami concluded its discussions with the IMF’s Article IV mission experts in Amman, Jordan, during which many issues were discussed, including the implementation of the economic reform program, the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and boosting non-oil revenues.”
It looks like Iraq has been given permission to move forward with their economic reforms as we discussed in January this year was going to take place in February 2024 because of an announcement made during Article 4 consultation with the IMF.
This is why we are seeing the acceptance of Iraq in the WTO, and they can now join other countries in the WTO formulating new price mechanisms that will level the playing field in trade among other nations.
Shafaq News
© Goldilocks
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