While Iraq is a middle-income (IBRD) country it faces significant challenges which are commonly found in low income countries. Its economy also remains dependent on hydrocarbons and revenue from these resources generates over 95 percent of budget revenues. However, this sector employs only one...

While Iraq is a middle-income country it faces challenges which are more commonly found in low income countries. These include dependence on one primary commodity (crude oil); significant infrastructure reconstruction and rehabilitation needs; and poorly performing regulatory policies,...