The World Bank publishes its economic update for Iraq

The World Bank has just released its economic update for Iraq and is generally positive:

  • The economy is picking up with real GDP estimated to grow by 0.6%.
  • Iraq has recently signed several trade agreements with its neighbouring countries.
  • Reconstruction effects are ongoing.
  • Outlook has improved due to higher oil prices as well as the improving security situation.
  • Constraints on capital spending will impede a recovery-driven growth.
  • Challenges remain due to political risk, oil dependency and the regional situation.
  • Social conditions remain challenging reflecting under investment and weak institutional capacity.

Further details can be found here:

EAME is an environmental and social consultancy operating in Iraq since 2010. EAME provides a range of services which allows international funders, developers, companies and Export Credit Agencies to manage their environmental and social risks in a challenging environment.

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