The World Bank Group mobilizes financial and technical assistance in support of Iraq’s efforts to regain the trust of its citizens by stabilizing its economy, improving governance, and rebuilding of livelihoods. The World Bank works closely with international partners to support economic reforms.
The Bank identified an error in the reporting of debt data for 2022 in Iraq Economic Monitor Spring/Summer 2023 issue. The debt-to-GDP ratio in 2022 was corrected from 53.8% to 40.8%.
Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity.
This I3RF 2021 annual report places a strong focus on results achieved from a range of multi-sectoral projects supported by the Fund. The report starts with a focus on the progress in the economic and education areas.
The Iraq Human Development Public Expenditure Review builds on existing data and exerts an exceptional effort to collect spending and sector information amidst a data scarce and fragmented environment.
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