No Risks From Balance Of Payments

We maintain our view that Iraq's balance of payments dynamics will remain stable over the medium term (see our online service, February 14, 'Balance Of Payments On Stable Footing'). More optimistic forecasts for the oil sector, elevated energy prices on international markets, and the continuation of large-scale foreign investment projects, underpin our view. We have revised up our 2011 current account surplus forecast to 8.4% of GDP, from 2.9% previously.

To read the full article, please choose one of the following options: