Central Bank: Iraq’s oil resources make it not much affected by high food prices
Central Bank: Iraq’s oil resources make it not much affected by high food prices
Sunday 14 October 2012
BAGHDAD – babysit – said Iraqi Central Bank Governor Sinan al-Shabibi, the IMF and the World Bank agreed to put Iraq under the name of “positive gap” of the economy through the program of work of the Assembly debates the two institutions held in Japan.
He explained in a press statement that “the existence of Iraq in a positive gap of the financial crisis means that it is not affected much by higher food prices because of its resources of oil, which is up by one in the world because of the increased demand for it.”
He added that “the IMF and the World Bank agreed to put Iraq under the label gap positive for the economy during the Annual Assembly debates of the International Monetary Fund and the World Bank in Tokyo.”
He pointed out that “the meeting stressed the importance of exploiting the opportunity to make way for the international experience in the field of finance, construction and infrastructure.”
He stressed that “the two world wars called for Iraq to do more to attract foreign investors and global capital to work in Iraq and not continue to rely on oil as a resource basis of the national economy.”
Iraq participated acting Annual Assembly of the International Monetary Fund and World Bank representatives of Iraq’s central bank, which started on the first Friday in Tokyo … p / i
alrayy
