On October 10, the government of Iraqi Prime Minister Mustafa al-Kadhimi issued a White Paper to reform Iraq’s economy. The energy sector’s future has taken considerable space in the blueprint alongside the country’s increasing demand for electricity. The paper lists the Iraqi government’s plan for the next three to five years, with an effort to satisfy the gap between demand a
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Iraq’s economy has imploded. As the Organization of Petroleum Exporting Countries’ (OPEC) second largest producer and the world’s sixth largest oil producer, Iraq is facing major liquidity challenges that have resulted in delays in government employee and retiree salaries and an almost complete halt in government public investment. On top of this, COVID-19 has dealt a decisiv
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Iraq’s currency devaluation will add inflation to the list of hardships facing a population recovering from a devastating war with Islamic State. Without deep spending cuts, it won’t be enough to prevent even deeper economic pain. The government announced Saturday it was devaluing the currency for the first time since the U.S.-led invasion in 2003, lopping off 23% of the dinar
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The Iraqi High Commission for Human Rights (IHCHR) said on Sunday that extreme weather is threatening the lives of displaced children in camps, Anadolu reports. "The lives of thousands of displaced people, especially women and children, are under threat," Fadel al-Gharrawi, a member of the IHCHR, said. He added that most of the displaced Iraqis are living in camps with no
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Iraq's capital Baghdad and other cities are at risk of serious power shortages after Iran slashed gas exports, the electricity ministry said on Sunday, potentially placing further pressure on the government of Prime Minister Mustafa al-Kadhimi, reported Reuters. Iran has reduced gas exports to Iraq to five million cubic metres from 50 million cubic metres two weeks ago citin
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