17 March 2023 Shivan Fazil and Dr Alaa Tartir Over the past two decades Iraq has been affected by several waves of intense conflict and violence. The 2003 invasion of Iraq by a multinational coalition led by the United States and United Kingdom toppled the Ba’athist regime of Saddam Hussein. It also ushered in years of chaos and civil war, as a variety of armed groups vie
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Two decades after the US invasion of Iraq, the civil war of the years that followed and the ravages of the Islamic State have faded into the background. Yet the country remains shaken by internal cleavages, torn apart by corruption, and vulnerable to influence operations by external actors. Overcoming economic crisis and infrastructural shortcomings could contribute to greater
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Climate Change Inaction Threatens Iraq’s Social Stability and Long-Term Economic Development Prospects Baghdad, Nov 9, 2022 – Climate change, in particular increasing water scarcity, could further threaten Iraq’s fragile social contract under an oil-led growth model that has been a source of economic volatility. According to the new World Bank Group’s Country Climate and Dev
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Although Iraq stands to gain significant revenues from an oil windfall, urgent reforms are needed to ensure these funds benefit the people, not just the elites. After a full year of political stalemate and fierce power struggles, Iraq’s ruling elite have finally managed to form a government led by Mohammed Shia' al-Sudani. Thanks to the surge in international crude oil price
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The World Bank’s new Iraq Economic Monitor, A New Opportunity to Reform finds that high oil prices have boded well for Iraq’s economy pushing fiscal and external balance into double digit surpluses. After growing by 2.8 percent in 2021, GDP growth accelerate in the first half of 2022 to 10.5 percent thanks to rising oil output and a recovery in domestic economic activity after
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