IFC Regional Director Aftab Ahmed and Iraqi Prime Minister.jpg Baghdad, Iraq, September 03, 2023—IFC signed a flagship agreement today with the government of Iraq that will harness private sector capital and expertise to develop the country's main airport—opening the door for more private sector investment and establishing a competitive model for other critical infrastructur
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Abstract Iraq’s economy continued its recovery after the sharp, pandemic-induced recession in 2020 but growth constraints in the oil sector have reemerged. After moderating in 2022, consumer price inflation ticked up in early 2023, fueled by the depreciation of the Iraqi dinar in the parallel market. Fiscal and external account balances benefitted from the oi
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POLITICAL STABILITY: Iraq is experiencing an unusual period of relative calm domestically after almost two decades of turmoil, characterised by a notable decrease in political violence and the formation of a comparatively cohesive government led by the prime minister, Mohammed Shia al-Sudani, in October 2022. With support from a majority of parliamentary factions led by the
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The 750-mile Development Road project is primarily devised for trade but could soon take passengers, claims the country's new prime minister Passengers in Baghdad prepare to board a train to Basra, the only passenger rail service currently operational in Iraq CREDIT: NYTNS It sounds like a scene plucked from the pages of an old romance novel: hop on a
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Majd Zaghir As highlighted by the United Nations Environment Programme (UNEP), Iraq ranks as the fifth most vulnerable country to climate change, with factors such as decreased water and food availability, extreme temperatures, and intensified droughts affecting its ecosystems and farmers. These changes in climate patterns have significant consequences for agriculture produc
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