Iraq, torn by war and strife, is slowly drawing the notice of investors
Iraq have the distinction of being one of the fastest growing economies in the world. Iraq is expected to grow by a sizzling 7,2% this year. Investors say Iraq can become a magnet for investor capital. The country remains in war against ISIS extremists. However, analysts says that the country have structural factors bolstering the battered OPEC nation's recovery. Iraq is about to get oil prices better than others in the region, even as it recently obtained a $5.4 billion International Monetary Fund for recover the stability. Some investors say, tath come a time when the country's fundamentals are showing resilience. Exotix has been advising clients to buy Iraq's bonds, which have been rallying for much of the year to levels not seen in more than a year, when oil was priced above $65 per barrel. In addition, Iraq's debt is likely to fall below 79 percent of gross domestic product this year, according to Exotix, while payment delays to international oil companies have been shortened from 220 days to 120 — and may fall further.
Still a way s off: Iraq should be ripe for investment and development but the realization of this remains a ways off. Iraq is an opportunity, analysts say, but for the moment investors are still scared off by headlines about bombs, ISIS and bloodshed.
http://www.cnbc.com/2016/11/25/iraq-torn-by-war-and-strife-is-slowly-drawing-the-notice-of-investors.html