Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth

Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth

With a Special Focus COVID-19 and the Human Capital Crisis: Recovering Educational Losses for Future Productivity and Growth

Bibliographic Details
Main Author: World Bank
Format: Serial
Language:English
Published: Washington, DC: World Bank 2022
Subjects:
COVID-19
ARMED CONFLICT
GLOBAL SUPPLY CHAIN
OIL MARKETS
IRRIGATION
GROSS DOMESTIC PRODUCT
Online Access:http://documents.worldbank.org/curated/en/099519206032231410/IDU0ddb697020d979043cc09f060e614b47d72b8
http://hdl.handle.net/10986/37565
id okr-10986-37565
recordtype oai_dc
spelling okr-10986-375652022-06-17T05:10:39Z Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth World Bank COVID-19 ARMED CONFLICT GLOBAL SUPPLY CHAIN OIL MARKETS IRRIGATION GROSS DOMESTIC PRODUCT With a Special Focus COVID-19 and the Human Capital Crisis: Recovering Educational Losses for Future Productivity and Growth Iraq’s economy is gradually emerging from the deep recession caused by the pandemic and the plunge in oil prices in 2020. Higher oil revenues pushed Iraq’s overall fiscal and external balances into a surplus in 2021. The turnaround in oil markets has significantly improved Iraq’s economic outlook in the medium term. Iraq’s fiscal and socio-economic fragilities underscore the urgency of wide-ranging structural reforms by the new government. Iraq’s existing food security challenges have intensified with the recent surge in global commodity prices. To plug the food supply gap, Iraq has become increasing reliant on imports for more than half of its food consumption, which has increased the country’s exposure to global food price and supply shocks. Subsidies and direct transfers, including recently new measures announced by Government of Iraq (GoI), partly mitigate the impact of rising global prices in the short term. However, achieving food security calls for coordinated efforts to improve domestic production including through raising the efficiency of irrigation water, reducing and rehabilitating soil degradation, improving land management, and implementing climate change adaptation and mitigation measures including the adoption of climate-smart agriculture. 2022-06-16T20:37:06Z 2022-06-16T20:37:06Z 2022-06-01 Serial http://documents.worldbank.org/curated/en/099519206032231410/IDU0ddb697020d979043cc09f060e614b47d72b8 http://hdl.handle.net/10986/37565 English Iraq Economic Monitor;Spring 2022 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research Iraq
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic COVID-19
ARMED CONFLICT
GLOBAL SUPPLY CHAIN
OIL MARKETS
IRRIGATION
GROSS DOMESTIC PRODUCT
spellingShingle COVID-19
ARMED CONFLICT
GLOBAL SUPPLY CHAIN
OIL MARKETS
IRRIGATION
GROSS DOMESTIC PRODUCT
World Bank
Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth
geographic_facet Iraq
relation Iraq Economic Monitor;Spring 2022
description With a Special Focus COVID-19 and the Human Capital Crisis: Recovering Educational Losses for Future Productivity and Growth
format Serial
author World Bank
author_facet World Bank
author_sort World Bank
title Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth
title_short Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth
title_full Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth
title_fullStr Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth
title_full_unstemmed Iraq Economic Monitor, Spring 2022 : Harnessing the Oil Windfall for Sustainable Growth
title_sort iraq economic monitor, spring 2022 : harnessing the oil windfall for sustainable growth
publisher Washington, DC: World Bank
publishDate 2022
url http://documents.worldbank.org/curated/en/099519206032231410/IDU0ddb697020d979043cc09f060e614b47d72b8
http://hdl.handle.net/10986/37565
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