US EditionHigh Spending Makes Iraq More Vulnerable, Warns IMF
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During his meeting with the Chargé d ' affaires of the Embassy of the United States of America to Iraq, Ambassador Stephen Vagn, the Iraqi Minister for Foreign Affairs, Fouad Hussein, today, the financial challenges between the Government of Iraq and the United States of America were discussed by the Deputy Prime Minister.
High spending makes Iraq more vulnerable, warns IMF
Iraq budget deficit widening Oil dependence problematic IMF urges reforms A surge in public spending due to high wages to public servants has made Iraq’s economy more vulnerable, the International Monetary Fund (IMF) said on Wednesday. The economy of Opec’s second largest oil producer is facing considerable headwinds, with the non-oil sector growth slowing from 13.8 percent in 2023 to an estimated 2.5 percent in 2024, the Washington-based fund s…
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