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More than 10 years after the overthrow of Saddam, the impatience of the Iraqi people and government for transformation of their economy to advance shared prosperity is growing. The government has expressed the desire for the World Bank Group to enhance its role in this transformation. This note...
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This report - the first phase of a programmatic Iraq country economic memorandum (CEM) is structured around the themes … of revenue management and economic diversification. These themes accord with the economic challenges faced by Iraq in the … diversify the economy. Iraq's oil revenue boom will not be able to meet the expectations placed upon it without a range of …
Persistent link: https://www.econbiz.de/10013255232
Iraq has enacted several legal, policy, and institutional reform initiatives, the intent of which is to shift political and … decentralization is yet to be followed through with efficient implementation. The Government of Iraq and the World Bank will like to …. The objective of the assessment is to take stock of the current state of decentralization in Iraq with a view to …
Persistent link: https://www.econbiz.de/10012644431
This note describes the methodology used for estimating trends in poverty rates for Iraq using the 2012 Iraq household … Iraq; between 2012 and 2014 for these 13 governorates. The first set of estimates show that the pace of poverty reduction … in Iraq was accelerating until the first half of 2014, while the second and third set of estimates quantify the adverse …
Persistent link: https://www.econbiz.de/10012644514
Iraq was plunged into two simultaneous crises in the second half of 2014, one driven by a sharp decline in oil prices … USD in September and 62 USD by December. Given Iraq's heavy dependence on oil as a share of GDP and exports, and a source … of government revenues, this decline in prices alone would have hit Iraq's fragile economy hard. In addition, since June …
Persistent link: https://www.econbiz.de/10012644515
Iraq is facing daunting challenges of Islamic State of Iraq and Syria (ISIS) insurgency, political upheaval, and … slow due to constitutional constraints and systemic resistance to changes. Iraq's economic prospects are subject to … significant risks. Iraq has recently achieved some important steps towards strengthening its investment climate, but much remains …
Persistent link: https://www.econbiz.de/10012644852
Despite decades of war and instability, Iraq's abundant natural resources, strategic geographic location and cultural … history endow Iraq with tremendous potential for growth and diverse economic development. Driven by windfall oil revenues in … recent years, the Government of Iraq has invested heavily in rebuilding the infrastructure of the country, and its abundant …
Persistent link: https://www.econbiz.de/10012246753
Government of Iraq (GoI) and its international development partners have recognized the critical importance of sound management … of Iraq's substantial public financial resources. Both parties support the reform and modernization of public financial … management (PFM), as articulated in the International Compact for Iraq (ICI). Secondly, international experience demonstrates the …
Persistent link: https://www.econbiz.de/10012247111
Government of Iraq (GoI) and its international development partners have recognized the critical importance of sound management … of Iraq's substantial public financial resources. Both parties support the reform and modernization of public financial … management (PFM), as articulated in the International Compact for Iraq (ICI). Secondly, international experience demonstrates the …
Persistent link: https://www.econbiz.de/10012247112