Country/Territory Report - Iraq.

The article focuses on Iraq and discusses its economic growth, inflation rate, and steps taken by Iraqi government to improve its budget execution. The economy's growth momentum is expected to dissipate in 2012 but expected to continue at a strong rate of 8.6 percent and will benefit from increased non-oil sector activity. The Central Bank of Iraq (CBI), with an aim to reign in prices, kept monetary policy tight and allowed the Iraqi dinar to appreciate against the US dollar.