Despite the Government of Iraq and the Kurdistan Regional Government (KRG) agreeing a deal over its 2021 budget on December 20, the road to parliamentary approval may be bumpy, market participants told Debtwire. “Parliament has yet to approve [the budget], there is significant opposition to the KRG provisions there and so the deal could be held up, delayed or not implemented
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If the Iraqi Kurdish region manages to reform its oil industry, it could become a model for the whole of Iraq. Iraq is one of the most corrupt countries in the world and oil has a lot to do with it. With nearly $100bn in annual revenues coming from oil, which constitutes 90 percent of its budget, the country is a great example of what political economists call "the resource
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Implications for Policies to Increase Private-Sector Employment by Howard J. Shatz, Louay Constant, Jill E. Luoto, Alexandria Smith, Shmuel Abramzon Research Questions How can the Kurdistan Regional Government (KRG) improve the private-sector labor market in the Kurdistan Region — Iraq (KRI)? What inputs will be needed to improve KRG labor-market policy and the matches
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ERBIL, Kurdistan Region – Internal reform and a pragmatic approach to relations with Baghdad are among the top recommendations from a British delegation published on Thursday following a fact-finding mission to the Region and the federal capital in May. "The Kurdistan Region in Iraq has taken two steps forward and one step back in recent years, but has survived and could thr
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When the Iraqi autonomous region of Kurdistan went looking for someone brave enough to pump billions of dollars into developing its large oil and gas reserves, it found a man who has never been accused of lacking courage: Igor Sechin, an old friend of Russian president Vladimir Putin. The chief executive of Rosneft, Russia’s state-owned oil company, has ignored fears of conf
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