The International Monetary Fund (IMF) said on Tuesday that Iraq's lower oil production will reduce the country's overall GDP growth in 2023 and 2024.
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The International Monetary Fund (IMF) said on Tuesday that Iraq's lower oil production, following the closure of the Iraq-Turkey pipeline and OPEC+ production cuts, will reduce the country's overall GDP growth in 2023 and 2024.
The IMF added that Iraq's "large" fiscal expansion in the three-year budget law "poses significant risks to fiscal and external sustainability over the medium term".
(Reporting by Nayera Abdallah; Editing by Andrew Heavens)
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