IMF expects the arrival of the gross domestic product in Iraq to $ 150 billion

IMF expects the arrival of the gross domestic product in Iraq to $ 150 billion

07/04/2012

BAGHDAD / JD / .. Confirmed that the Iraqi government to the International Monetary Fund expects the arrival of GDP in 2014 to 150 billion dollars. The Deputy Prime Minister Ruz Nuri Shaways in a speech in the forum Krantz Montana, which was held in the Azerbaijani capital of Baku that “the Iraqi economy has seen significant shifts on the road to openness and freedom and the adoption of the forces of supply and demand mechanisms essential in the economic relations in the form which facilitates the integration process in the system of international economic” . He said in a statement issued by the Office of the Deputy Prime Minister received / JD / that “Iraq has made on the economic level among positive developments over the past years in a number of indicators, it has doubled in the GDP and multiplied with the per capita GDP.” Shaways said, “according to IMF forecasts, the GDP will reach the limits of $ 150 billion in 2014.” He added that “Iraq has oil reserves of up to 143 billion barrels and potential reserves exceed its estimates of proven reserves, as well as large reserves of natural gas of up to 126.7 trillion cubic feet.” “We expect to contribute to investments in this sector, the development of a large area in the oil industry in Iraq through the rounds of licensing contracts with dozens of major international oil companies.” He pointed out that “the electricity sector needs significant investment to double generating capacity to meet domestic demand through the creation of new generating stations throughout Iraq, and there is a need for significant investment in this sector to meet the growing demand which is expected to double by the year 2015 to reach 20 000 MW” . He Shaways “The Iraqi market is the fastest growing in the region in mobile communications, although much of the infrastructure in this sector is still in need of considerable investments are also available opportunities to invest in wireless communications and services for Internet and landline.” / Finished / 22 /
Source: dananernews