As Terror Recedes, the Iraqi Economy Tries New Things

BY: ARAB DIGEST

Iraq's post-stalemate rebound discussed at Chatham House roundtable in London under Mohammed al-Sudani's leadership.

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Baghdad sees revival of café culture and enhanced security, observed by visitors and highlighted in The Economist.

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Revived café culture and improved security in Baghdad serve as favorable motivators for much-needed foreign direct investment.

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Budget of $153 billion based on $70 oil prices deemed naïve considering market volatility and fluctuating price trends.

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IMF: Non-oil GDP's fiscal shortfall widens from 45% to 63%, according to February assessment of the economy.

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Declining oil prices pose risks of fiscal and current account deficits, financing pressures, and depletion of reserves.

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Al-Sudani government claims anti-corruption efforts, but doubts persist about its effectiveness in combating deep-rooted corruption.

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Iraq's budget plans to add over half a million new positions, raising doubts about government's claims and intentions.

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