Tuesday, May 21, 2024

"RV UPDATE" BY KAPERONI, 21 MAY

 Kaperoni

  Article: "Specialists: Economic integration and job opportunities await development"  Integration with the global economy, diversifying resources is the only way for Iraq to move forward. Finally we're beginning to see such steps.

Article:   "IMF Executive Board Concludes 2024 Article IV Consultation with Iraq

 My preliminary review are  the Article IV Consultation clearly emphasizes the urgency to diversify their economy in raising non-oil revenue...There's also significant discussion encouraging Iraq to continue to develop their banking system and remove excess liquidity

 These comments from the IMF are obviously meant to encourage them that the opportunity is now to develop and accelerate economic growth...as well as to take significant steps forward with their banking system engaging with banks outside of Iraq. 

 From these documents, it is very clear that Iraq still has a lot of work to do. And I do not see in the near future any change in monetary policy until progress is made.  Again, creating the conditions for economic  growth appears to be the focus.  

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-kaperoni-18-may.html

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