[An open letter to the next Iraqi Prime Minister to develop Iraq’s economy] [Risāla maftūha li Ra’īs al-Wizarā’ al-‘Irāqi al-tāli li Inmā’ Iqtisad al-‘Irāq] In our world, there is only one race – the Human Race. Wars and sanctions do not produce economic development – Peace Does. Today, most Iraqis live in anticipation. Their trust in the political class t
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Introduction and summary After years of fighting, the Islamic State of Iraq and the Levant’s (ISIL) control over territory in Iraq has crumbled.1 Yet the fate of Iraq’s religious minorities remains unclear. When it was in control, ISIL treated all populations under its rule with great brutality, but the jihadist group specifically targeted Iraq’s Christian and Yazidi communiti
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In order to have a feel for and appreciate as to what happened to the Iraqi economy under Saddam Hussain and the sanctions, how bad and how dire the Iraqi economic situation has become, it is necessary that you should be exposed to an overview of the Iraqi economy before the Gulf War and the imposition of economic sanctions. More effectively still, you should be exposed to t
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Since the ratification of Iraq’s constitution in 2005, Iraq has struggled to interpret clauses 111 and 112, which stipulate that oil is the property of the Iraqi people and its revenues should be shared equitably. Several draft laws on hydrocarbon management, energy sector regulation, and oil revenue distribution have remained stalled because of differences between the federa
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<!----> Iraq's Macroeconomic Context Iraq was hit in 2014 by a dual crisis – the Islamic State and Significantly Lower Oil prices With 95% of revenues coming from oil sales, Iraq had a significant budgetary Deficit as it took time to adjust expenditures down Initially investments both in the oil sector and the non-oil sector were reduced significantly This caused a
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