IRAQ
 
IMF Sees Positive Economic Developments In Iraq
 
Recent macroeconomic developments in Iraq have been broadly positive, the IMF said on 21 May at the conclusion of its Article IV consultation. GDP growth hit 8.4% for 2012 and is projected to rise to 9% for 2013 as oil production ramps up to 3.3mn b/d.
 
The Central Bank of Iraq’s (CBI’s) foreign exchange reserves have risen from $61bn at end-2011 to $70bn at end-2012, while fiscal reserves held...