Economic Insights – Baghdad
The Iraqi Statistics Authority has released an official report revealing a significant decline in net foreign investments in Iraq, dropping from $2.9 billion in the second quarter to $1.5 billion. This represents a decrease of 48%.
Foreign investment is crucial for the advancement of the Iraqi economy, as it helps lessen the country’s reliance on state-provided foreign currency and bolsters essential economic sectors, according to economist Manar Al-Obaidi.
Conversely, the Iraqi government has asserted that net foreign direct investments over the past two years have amounted to $63 billion, a figure that contradicts the data published by the Iraqi Statistics Authority.
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