The emphasis on investment as a basic and strategic component of a country's economic and social development should perhaps not be overdone. It is not, of course, the only component, for there are other strategic factors, such as entrepreneurial ability, the required skills and know-how, the efficient utilization of resources, political and social stability, and other elements
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Introduction The Kurdistan Regional Government (KRG) stepped into 2022 with not enough cash to pay the December salaries of civil servants and pensioners; delayed to January 2022. Now, at mid-March, civil servants are going on strike and taking to the streets of Sulaymaniah to demand their February salaries. The evidence on the ground shows that the government developed a c
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In Iraqi folklore, Saturday is both an ominous and auspicious day. Iraqis say it is Awwad —“repetitive” — and hence they prefer to postpone taking important decisions to other days of the week. For many Iraqis this week, the news of Dr. Sinan al-Shabibi’s unfortunate passing on Saturday, Jan. 8 could not have come on a worse day. While the loss of one of Iraq’s last firmly inde
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Introduction The Federal 2021 budget has been prepared by MOF and has been submitted to the council of ministers (COM), at the beginning of the budget year (January 2021). The COM has discussed and approved the draft budget and submitted to the council of representatives (COR), for further discussion and final approval. It has been taken about four months for the COR to comple
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Contents Executive summary 3 INTRODUCTION 7 2.1. FMIS and the World implementation experience 7 2.2. Iraq Financial Management Information System (IFMIS) Implementation Experience (post 2003 period). 9 2.3. Lesson Learned 11 Government Enterprise Resource Planning (GERP) 12 3.1. GERP High Level Overview 13 3.2. Ira
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