Iraq: Iraqi Oil Wealth Not Enough for Broad Economic Growth

Aug 4, 2017 | Daniel J. Graeber, United Press International
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Corruption and internal political rifts could be factors weighing on the economy of OPEC-member Iraq, a report from Moody's Investors Service said. Moody's gave Iraq a Caa rating, its third lowest. Entities rated Caa are exposed to "very high" credit risks. The report, emailed to UPI on Friday, found Iraq was well-endowed with oil wealth, but lacks economic growth opportunities from other sectors.