Executive Summary a. On 10 February 2010, Extractive Industries Transparency Initiative (EITI) Board accepted Iraq as an EITI Candidate country. The first EITI report was published in December 2011. On 12 December 2012, Iraq was announced as an EITI compliant country. b. As part of the continuous implementation of the Extractive Industries Transparency Initiative (EITI) in Ira
Read More
Introduction and executive summary 4 Base case Primary energy 9 Fuel by fuel detail 19 Key issues What drives energy demand? 44 • The changing outlook for carbon emissions 48 • What have we learned about US shale? 52 • China’s changing energy needs 58 Main changes Key uncertainties 71 • Slower global GDP growth 74 • Faster transition to a lower - carbon world 78 • Shale oil and
Read More
Iraq’s economic crisis is about to get worse. The government, which relies on oil for 90% of its revenue and 80% of foreign exchange earnings, faces plunging oil prices combined with rampant corruption and the exorbitant cost of battling the Islamic State (IS). Iraqi officials must come up with solutions that take all those circumstances into account. The country's economic pro
Read More
BAGHDAD — Prime Minister Haider al-Abadi met with G7 leaders on Sunday (Feb. 7), while the House Speaker Salim al-Jubouri met with the British and Romanian Ambassadors to Iraq on Monday (Feb. 8). Ambassadors of the major industrialized countries expressed their countries' full support for Iraq in its financial crisis, which is suffering as a result of the collapse in oil prices
Read More
In the context of the Staff Report for the 2015 Article IV Consultation and Request for Purchase Under the Rapid Financing Instrument, the following documents have been released and are included in this package: Press Releases including a statement by the Chair of the Executive Board and summarizing the views of the Executive Board as expressed during its July 29, 2015 consid
Read More