The IMF stated that Iraq’s economic growth this year is spurred by increased government spending but highlighted challenges such as domestic imbalances and the risk of medium-term sovereign debt stress without policy changes. Iraq’s oil-dependent economy is increasingly vulnerable to price fluctuations and potential OPEC+ cuts. Iraq plans to increase output to 6 ml bpd from 4 mln within five years. The fund also noted improved domestic stability and a reduction in inflation to 4% by the end of last year following the new government’s efforts and economic adjustments.