Heeramandi is a stunning magnum opus, but leaves a lot to be desired
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Ten years after the launch of the US war on Iraq, the IMF said the country had been successful at maintaining macroeconomic stability despite a difficult political and security environment.
The economy grew around eight per cent last year underpinned by rising oil production and “robust” non-oil activity.
Growth should pick up again this year as oil output was predicted to gain about 10 per cent to 3.3 million barrels a day.
The IMF said Baghdad needed better controls of state spending, including ending off-budget disbursements, and it urged its central bank to step up bank monitoring and slowly liberalise the forex market.
Heeramandi is a stunning magnum opus, but leaves a lot to be desired
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