This paper attempts to analyse the reasons that paved the way for the US administration to take the decision of direct military intervention and change the political regime in Iraq in 2003 and not in 1991, focusing on changing economic interest of the USA in the region which influenced that decision. There is near consensus among Iraqi political analysts that the American in
Read More
As a result, Washington policymakers barreled in 20 years ago with no real awareness of what would happen. As we approach the 20th anniversary of the Iraq invasion, we should reflect on what lessons the United States may have gleaned from the experience and whether such lessons will deter any future military operations to effect regime change. By all accounts, the invasio
Read More
Authors: Andrés Arauz, Rami Kiwan, Nihal El Aasar, Mohamed El Dahshan, Barik Schuber In 2021, the IMF issued and distributed $650bn worth of Special Drawing Rights (SDRs) during the COVID-19 pandemic. This study explores the unique characteristics of SDRs and provides an overview of the role of SDRs in the MENA region. Using four countries as case studies (Egypt, Iraq, Leban
Read More
The World Bank’s new Iraq Economic Monitor, A New Opportunity to Reform finds that high oil prices have boded well for Iraq’s economy pushing fiscal and external balance into double digit surpluses. After growing by 2.8 percent in 2021, GDP growth accelerate in the first half of 2022 to 10.5 percent thanks to rising oil output and a recovery in domestic economic activity after
Read More
Higher oil prices, by softening budget constraints for energy producers in the Middle East and North Africa, may reduce the incentive for major economic reforms. But the region’s oil importers, facing renewed risks to social and political stability from rising costs, must contend with much greater challenges. LONDON – The soaring commodity prices affecting developing countri
Read More