Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. Although the two countries recently commemorated their 65th anniversary of friendship, arguably this relationship really began in earnest in 2007 when the two countries’ presidents met and China agreed to cancel Iraq’s debt. China’s debt relief served as a prelude to its eventual e
Read MoreIraq has struggled to attract FDI over the past two decades. Now, with a period of stability, can it turn a page and attract foreign investment? It is safe to say that Iraq has struggled to attract foreign direct investment (FDI) over the past 20 years. Two decades of conflict, which have included the 2003 US-led invasion, intra-sectarian strife and a war against Islamic
Read MoreIn Iraq, a multidimensional development and climate crisis is brewing. Iraq’s oil-dependent development model, weakening human and institutional capacity, and its deep social divides and inequalities are ingredients of a “perfect storm” centering on a development-climate-fragility nexus. A new World Bank Group diagnostic tool, the Country Climate and Development Report provides
Read MoreStatement of the Iraq Economic Contact Group of the G7, European Union and World Bank December 2023 On December 12, the Iraq Economic Contact Group (IECG) held the final meeting of 2023, co-chaired by Italy and the United States. As friends and partners of Iraq, Canada, France, Germany, Italy, Japan, the European Union, the United Kingdom, the United States, and
Read MoreOverall bilateral trade fundamentals are increasing despite sanctions The cultural and economic connection between Mesopotamia and Russia goes back to centuries before the Middle Ages. But in the contemporary era, Soviet-Iraq relations were established in September 1944. Despite the ups and downs of 1955 and the restoration of relations in 1958, Baghdad became one of the
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