Foreign Investment: The Non-oil Revenue Source Iraq Needs to Ensure a Vibrant and Sustainable Economy . BY BASTA SIRWAN*

Foreign Investment: The Non-oil Revenue Source Iraq Needs to Ensure a Vibrant and Sustainable Economy . BY BASTA SIRWAN* Executive Summary:  For Iraq, Foreign Direct Investment (FDI) could be the answer to fiscal improvements and increasing foreign currency reserve in the market. Global demand for oil export is expected to continue, thus exploiting high energy prices to m

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IMF Executive Board Concludes 2024 Article IV Consultation with Iraq

Washington, DC – May 16, 2024: On May 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Iraq and considered and endorsed the staff appraisal. Domestic stability has improved since the new government took office in October 2022, facilitating the passage of Iraq’s first three-year budget, which entailed a large fisc

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Iraq Needs a New Kind of Partnership With the United States The Path to Sustainable Cooperation. By Mohammed Shia al-Sudani

Two decades ago, the United States assisted the Iraqi people in overthrowing the dictatorial regime of Saddam Hussein and laying the foundations for a democratic system. It enabled Iraqis to taste freedom for the "first time, eliminating the oppression and the misuse of resources that had caused problems not only for my country but also for the region more broadly. Since the

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