LONDON: The turnaround in oil markets has significantly improved Iraq’s economic outlook, according to a report released on Thursday by the World Bank. The country is gradually recovering from a severe recession, brought on by the COVID-19 pandemic and the drop in oil prices in 2020. After contracting by more than 11 percent in 2020, Iraq’s economy grew by 2.8 percent in 2021
BAGHDAD - Iraq is gradually emerging from a deep recession, caused by the COVID-19 pandemic and the plunge in oil prices in 2020. Although the economy is projected to grow by 5.4% on average a year between 2022 and 2024, the country’s macroeconomic
Iraq: US$10 million to Enhance Teaching Practices and Improve Learning for the Most Vulnerable Primary Students in Lagging Governorates The World Bank has approved a new US$10 million project to support Innovations towards Learning in three lagging Iraqi Governorates. The project aims to enhance teaching practices of Arabic and Mathematics teachers, and improve literacy and
A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut s reconstruction, the UN said in a statement.The grant given through the .