Parliamentary committee: Iraq is about to be a great investment and economic prosperity, 24 DEC

 Parliamentary committee: Iraq is about to be a great investment and economic prosperity

Baghdad Today – Baghdad

The Parliamentary Investment and Development Committee confirmed on Monday, December 23, 2024, that Iraq is about to have a great investment and economic prosperity during the next phase.

Committee member Mohamed Radi told Baghdad Today that “the stability achieved at the political, security as well as governmental levels will push to important and great investment opportunities during the next phase and this will generate great prosperity at the economic level, and this will work on an important reconstruction leap on various infrastructures.”

Radi added that “the Iraqi government has achieved successes in the investment file and strengthening the economic and financial conditions, and these successes have reflected positively on the file of services, reconstruction and development, and the next stage will show these successes more through the investment and economic prosperity at various levels.”

The International Monetary Fund had predicted in April 2024 that the Iraqi economy would grow 1.4% in 2024 and 5.3% in 2025, and urged structural reforms and debt stabilization.

The Iraqi government also announced a decrease in unemployment from (16.5%) to (14.4%), a reduction in poverty from (23%) to (17%), a decrease in inflation from (6.1%) in 2021, to (2.5%), and a rise in non-oil revenues to (14%), after accounting for (7%) of the budget.

https://baghdadtoday.news/264508-لجنة-برلمانية-العراق-مقبل-على-ازدهار-استثماري-واقتصادي-كبير.html