Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraqi PM tells US President that Iraq is shifting from a military alliance to economic ties with the US

Washington (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, met on Monday with the US President, Joe Biden, in the White House in the US capital, Washington DC. Al-Sudani stated that Iraq is attempting to transition from a military alliance to a comprehensive partnership with the United States, emphasizing the significance of his visit to Washington at this delicate juncture.
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Iraq picks PowerChina to build one of the world’s largest desalination plants at Al-Faw Port

Baghdad (IraqiNews.com) – In Iraq’s Al-Faw Port, China’s state-owned Power Construction Corporation of China (PowerChina) has been given the go-ahead to construct one of the biggest seawater desalination facilities in the world.
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Iraqi schools suffer from severe mismanagement and corruption

Bani Saad – In a small village in central Iraq, children cram into dilapidated classrooms in a converted farmhouse with open-air toilets, a symptom of how education has been neglected in the oil-rich but war-weary country. “We close the school when it rains because water leaks through the roof,” said Oudai Abdallah, director of a public elementary school in Bani Saad district, 40 kilometres (25 miles) north of Baghdad.
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Iraqi Finance Minister reviews financial reforms with World Bank

Baghdad (IraqiNews.com) – The Iraqi Minister of Finance, Taif Sami, confirmed on Monday that the government had developed plans to accelerate financial and banking reforms. Sami’s remarks took place during a meeting with the World Bank Country Director for the Middle East Department, Jean-Christophe Carret, the World Bank Country Manager and Special Representative in Iraq, Richard Abdulnour, and experts in the financial sector, according to a statement cited by the Iraqi News Agency (INA).
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Why the Iraqi ruling elites pivot to China. By Sardar Aziz *

Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. Although the two countries recently commemorated their 65th anniversary of friendship, arguably this relationship really began in earnest in 2007 when the two countries’ presidents met and China agreed to cancel Iraq’s debt. China’s debt relief served as a prelude to its eventual e

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Iraq: Staff Concluding Statement of the 2024 IMF Article IV Mission

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussion

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The Iraqi National Economy

Why the Iraqi ruling elites pivot to China.
Over the past 15 years, China has executed a strategy in Iraq
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After decades of turmoil, can Iraq now dream
Iraq has struggled to attract FDI over the past two decades. Now,
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Iraq: Staff Concluding Statement of the 2024 IMF
A Concluding Statement describes the preliminary findings of IMF staff at the
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Oil & Gas Policy

Iraq export pipeline closure wreaks havoc on Kurdish
Losses resulting from shutdown of conduit to Turkey estimated at more than
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The U.S.’s Hopes In Iraq Have Ended With
The U.S. has for years been giving Iraq tens of billions of
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The economic background of the American decision to
This paper attempts to analyse the reasons that paved the way for
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Smuggling, subsidies and shortages: Iraq’s latest oil troubles.
As global oil prices soar, smugglers are exploiting the lucrative profit margin
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