The Iraqi National Economy – Page 12 – Iraqi Economists Network

Iraq’s Investment Deficit and Underfunded Infrastructure. By Mohammed Hussein

In his recent article “Iraq’s Government Investments: Between Ambitions and Stumbling,” Dr. Mudhr Mohammed Salih, former Deputy Governor of the Iraqi Central Bank and financial adviser of the Iraqi Government, fairly described the political and administrative dynamics that prevent investment in infrastructure; basically showing how endemic corruption, institutional limitations,

Iraq’s economy is expected to contract in 2020 due to lower oil prices and the spread of COVID-19. The twin deficits are mounting as a result, reversing the declining trend on public debt and adding pressure on the exchange rate and central bank reserves. Weaker oil prices, budget rigidities as well as cuts to pro-growth program and the slow implementation of structural reforms

Impact of COVID-19 on the Iraqi economy: New report highlights policy recommendations for Iraq’s economic recovery Baghdad, 7 October 2020 – Expanding social security coverage for vulnerable groups, increasing revenue generation to fund key Government programmes, and allocating more resources to develop the private sector are some of the key recommendations made by the Unite

Radical reform is only way to avert ‘disaster’ for oil-reliant country, says finance minister Ali Allawi, Iraq’s finance minister: ‘All you can do is to point out the disaster before us if we continue along this path Iraq’s finance minister has warned of “severe security consequences” if its economy is not “restructured radically”, as the coronavirus crisis wreaks havoc o

This article discusses an optimistic and realistic proposal to minimise the overall impact of the coronavirus global crisis on Iraq in the medium and long terms. It briefly describes the opportunities for Iraq post the crisis to be a self-reliant and prosperous nation if it harnesses the essential sustainable resources of people, water and fertile land as well its rich archaeo