What Could Iraqis Gain from Their Oil Windfall? by Mohammed Hussein*

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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World Bank: Iraq Economic Monitor, Fall 2022: A New Opportunity to Reform

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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A Tale of Two Middle Easts. By Adeel Malik*

Higher oil prices, by softening budget constraints for energy producers in the Middle East and North Africa, may reduce the incentive for major economic reforms. But the region’s oil importers, facing renewed risks to social and political stability from rising costs, must contend with much greater challenges. LONDON – The soaring commodity prices affecting developing countri

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Observations on Iraqi Resource Allocation. By Dr Jasmin Al-Ali *

The situation in Iraq is complex and confused in all aspects; institutional, political, economic and public administration.   The absence of accountability and chaotic economic management coupled with weak governance and dysfunctional organizational arrangements play a major part in the decline that the Iraqis experience today.   All these were, in part, t

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