The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS

The Kurdistan region of Iraq is facing an economic and humanitarian crisis as a result of the influx of Syrian refugees which began in 2012 and internally displaced persons (IDPs) in 2014. The region's population increased by 28 percent over a short period, placing strains on the local economy,...

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Main Author:	World Bank
Format:	Book
Language:	en_US
Published:	Washington, DC 2015
Subjects:	displaced populations IDPs Islamic State cost of conflict cost of war economic impact humanitarian assistance humanitarian crisis internally displaced persons refugees social impact
Online Access:	http://hdl.handle.net/10986/21637

id	okr-10986-21637
recordtype	oai_dc
spelling	okr-10986-216372021-04-23T14:04:03Z The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS World Bank displaced populations IDPs Islamic State cost of conflict cost of war economic impact humanitarian assistance humanitarian crisis internally displaced persons refugees social impact The Kurdistan region of Iraq is facing an economic and humanitarian crisis as a result of the influx of Syrian refugees which began in 2012 and internally displaced persons (IDPs) in 2014. The region's population increased by 28 percent over a short period, placing strains on the local economy, host community, and access to public services. This book provides national and regional policy makers with a technical assessment of the impact and stabilization costs needed for 2015 associated with the influx of refugees and IDPs. The stabilization cost for 2015 is estimated at US$1.4 billion in additional spending above and beyond the region's budget. This estimate could significantly increase should the crisis persist longer. The study highlights how prices and unemployment have increased, and refugees and IDPs entering the labor market are pushing wages down. A surge in violence led to supply side shocks. The ISIS crisis has had a significant effect on trade of goods and services. Transportation routes were disrupted. Foreign direct investment flows have declined and operations of foreign enterprises have been adversely affected. Disruption of public investment projects have had a negative impact on the economy. Based on the World Bank estimates, economic growth contracted by 5 percentage points in the region and the poverty rate more than doubled, rising from 3.5 percent to 8.1 percent. While the government has been responsive to addressing the needs of the displaced population up until now, more resources are needed to avert this humanitarian crisis and address the needs of the displaced population in the medium- and long-term. 2015-03-27T20:45:44Z 2015-03-27T20:45:44Z 2015-04-15 Book 978-1-4648-0548-6 http://hdl.handle.net/10986/21637 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research Publications & Research :: Publication Middle East and North Africa Iraq
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	displaced populations IDPs Islamic State cost of conflict cost of war economic impact humanitarian assistance humanitarian crisis internally displaced persons refugees social impact
spellingShingle	displaced populations IDPs Islamic State cost of conflict cost of war economic impact humanitarian assistance humanitarian crisis internally displaced persons refugees social impact World Bank The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS
geographic_facet	Middle East and North Africa Iraq
description	The Kurdistan region of Iraq is facing an economic and humanitarian crisis as a result of the influx of Syrian refugees which began in 2012 and internally displaced persons (IDPs) in 2014. The region's population increased by 28 percent over a short period, placing strains on the local economy, host community, and access to public services. This book provides national and regional policy makers with a technical assessment of the impact and stabilization costs needed for 2015 associated with the influx of refugees and IDPs. The stabilization cost for 2015 is estimated at US$1.4 billion in additional spending above and beyond the region's budget. This estimate could significantly increase should the crisis persist longer. The study highlights how prices and unemployment have increased, and refugees and IDPs entering the labor market are pushing wages down. A surge in violence led to supply side shocks. The ISIS crisis has had a significant effect on trade of goods and services. Transportation routes were disrupted. Foreign direct investment flows have declined and operations of foreign enterprises have been adversely affected. Disruption of public investment projects have had a negative impact on the economy. Based on the World Bank estimates, economic growth contracted by 5 percentage points in the region and the poverty rate more than doubled, rising from 3.5 percent to 8.1 percent. While the government has been responsive to addressing the needs of the displaced population up until now, more resources are needed to avert this humanitarian crisis and address the needs of the displaced population in the medium- and long-term.
format	Book
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS
title_short	The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS
title_full	The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS
title_fullStr	The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS
title_full_unstemmed	The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS
title_sort	kurdistan region of iraq : assessing the economic and social impact of the syrian conflict and isis
publisher	Washington, DC
publishDate	2015
url	http://hdl.handle.net/10986/21637
_version_	1764448838562611200

The Kurdistan Region of Iraq : Assessing the Economic and Social Impact of the Syrian Conflict and ISIS

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