Å·ÃÀÈÕb´óƬ Group mobilizes financial and technical assistance in support of Iraq¡¯s efforts to regain the trust of its citizens by stabilizing its economy, improving governance, and rebuilding of livelihoods. Å·ÃÀÈÕb´óƬ works closely with international partners to support economic reforms.
The Bank identified an error in the reporting of debt data for 2022 in Iraq Economic Monitor Spring/Summer 2023 issue. The debt-to-GDP ratio in 2022 was corrected from 53.8% to 40.8%.
The MENA region is expected to grow at 2.2% in 2024, yet the outlook remains subdued amid heightened uncertainty. This edition also includes an update on the economic impacts of the conflict in the Middle East.
Sep 06, 2023
Iraq¡¯s economy continued its recovery after the sharp, pandemic-induced recession in 2020 but growth constraints in the oil sector have reemerged.
Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity.
This I3RF 2021 annual report places a strong focus on results achieved from a range of multi-sectoral projects supported by the Fund. The report starts with a focus on the progress in the economic and education areas.
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