Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery

The Iraq Economic Monitor provides an update on key economic developments and policies over the previous six months and presents findings from recent World Bank work on Iraq, placing them in a longer-term and global context and assessing the implic...

Full description

Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
Online Access:http://documents.worldbank.org/curated/en/771451524124058858/Iraq-economic-monitor-From-war-to-reconstruction-and-economic-recovery-with-a-special-focus-on-energy-subsidy-reform
http://hdl.handle.net/10986/29688
id okr-10986-29688
recordtype oai_dc
spelling okr-10986-296882021-05-25T09:13:45Z Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery World Bank Group DAMAGE AND NEEDS ASSESSMENT CURRENT ACCOUNT DEFICIT BUSINESS ENVIRONMENT LABOR FORCE PARTICIPATION LABOR MARKET OIL PRICES SOVEREIGN BOND MARKET POVERTY IMPACT POVERTY REDUCTION PENSIONS INTERNALLY DISPLACED PERSONS EMPLOYMENT RECONSTRUCTION RECOVERY FISCAL TRENDS AGRICULTURAL PRODUCTION ENERGY SUBSIDIES PUBLIC FINANCE MONETARY POLICY ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS SUBSIDY REFORM GOVERNANCE The Iraq Economic Monitor provides an update on key economic developments and policies over the previous six months and presents findings from recent World Bank work on Iraq, placing them in a longer-term and global context and assessing the implications of these developments and other changes in policy regarding the outlook for Iraq. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. Iraq is slowly emerging from the deep economic strains of the last three years, but progress in addressing the legacy of the war against ISIS and the accumulated development deficit from decades of conflict needs to be accelerated. Following the complete liberation from ISIS of all Iraq territory in December 2017, the Government of Iraq (GoI) is putting in place a comprehensive reconstruction package linking immediate stabilization to a long-term vision. The conflict with ISIS and widespread insecurity have created a major humanitarian and economic crisis. Iraq’s growth outlook is expected to improve thanks to a more favorable security environment and gradual pick up of investment for reconstruction, but absent structural reforms, higher growth would be short-lived. The outlook is also subject to significant social and political risks. Lingering political tensions, weak administrative capacity and widespread corruption continue to pose a downside risk and could further limit the government’s reform effort and its capacity to implement investment for reconstruction. 2018-04-19T13:20:09Z 2018-04-19T13:20:09Z 2018-04 Report http://documents.worldbank.org/curated/en/771451524124058858/Iraq-economic-monitor-From-war-to-reconstruction-and-economic-recovery-with-a-special-focus-on-energy-subsidy-reform http://hdl.handle.net/10986/29688 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work 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 English
topic DAMAGE AND NEEDS ASSESSMENT
CURRENT ACCOUNT DEFICIT
BUSINESS ENVIRONMENT
LABOR FORCE PARTICIPATION
LABOR MARKET
OIL PRICES
SOVEREIGN BOND MARKET
POVERTY IMPACT
POVERTY REDUCTION
PENSIONS
INTERNALLY DISPLACED PERSONS
EMPLOYMENT
RECONSTRUCTION
RECOVERY
FISCAL TRENDS
AGRICULTURAL PRODUCTION
ENERGY SUBSIDIES
PUBLIC FINANCE
MONETARY POLICY
ECONOMIC GROWTH
ECONOMIC OUTLOOK
RISKS
SUBSIDY REFORM
GOVERNANCE
spellingShingle DAMAGE AND NEEDS ASSESSMENT
CURRENT ACCOUNT DEFICIT
BUSINESS ENVIRONMENT
LABOR FORCE PARTICIPATION
LABOR MARKET
OIL PRICES
SOVEREIGN BOND MARKET
POVERTY IMPACT
POVERTY REDUCTION
PENSIONS
INTERNALLY DISPLACED PERSONS
EMPLOYMENT
RECONSTRUCTION
RECOVERY
FISCAL TRENDS
AGRICULTURAL PRODUCTION
ENERGY SUBSIDIES
PUBLIC FINANCE
MONETARY POLICY
ECONOMIC GROWTH
ECONOMIC OUTLOOK
RISKS
SUBSIDY REFORM
GOVERNANCE
World Bank Group
Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery
geographic_facet Middle East and North Africa
Iraq
description The Iraq Economic Monitor provides an update on key economic developments and policies over the previous six months and presents findings from recent World Bank work on Iraq, placing them in a longer-term and global context and assessing the implications of these developments and other changes in policy regarding the outlook for Iraq. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. Iraq is slowly emerging from the deep economic strains of the last three years, but progress in addressing the legacy of the war against ISIS and the accumulated development deficit from decades of conflict needs to be accelerated. Following the complete liberation from ISIS of all Iraq territory in December 2017, the Government of Iraq (GoI) is putting in place a comprehensive reconstruction package linking immediate stabilization to a long-term vision. The conflict with ISIS and widespread insecurity have created a major humanitarian and economic crisis. Iraq’s growth outlook is expected to improve thanks to a more favorable security environment and gradual pick up of investment for reconstruction, but absent structural reforms, higher growth would be short-lived. The outlook is also subject to significant social and political risks. Lingering political tensions, weak administrative capacity and widespread corruption continue to pose a downside risk and could further limit the government’s reform effort and its capacity to implement investment for reconstruction.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery
title_short Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery
title_full Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery
title_fullStr Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery
title_full_unstemmed Iraq Economic Monitor, Spring 2018 : From War to Reconstruction and Economic Recovery
title_sort iraq economic monitor, spring 2018 : from war to reconstruction and economic recovery
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/771451524124058858/Iraq-economic-monitor-From-war-to-reconstruction-and-economic-recovery-with-a-special-focus-on-energy-subsidy-reform
http://hdl.handle.net/10986/29688
_version_ 1764469984313999360