Iraqi security forces and Kurdish peshmerga forces stand guard near the Khabbaz oilfield on the outskirts of Kirkuk February 2, 2015. REUTERS/Ako Rasheed
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Iraq's prime minister called Thursday for "patience" while the government implements economic reforms that include restructuring of many state-owned companies, saying the plan would deliver growth and development.Iraq's economy, which gets about 90 percent of its revenues from oil, was battered last year by plummeting global oil prices and the land grab by ISIS which prompted big spending on the military and displaced populations.The government also has to ensure more than 5 million state employees are paid.When extending emergency loan programs to countries, the IMF has often pressed them to introduce economic reforms such as restructuring state finances.
FOLLOW THIS ARTICLE