Iraq’s reforms: A white paper with no action plan
Iraq’s economic and fiscal crises, which came to the forefront this year following the onset of the coronavirus pandemic, were bound to happen at some point. What corona and the ensuing drop in oil prices and declining demand for oil did is accelerate the timing, according to the recently released Iraqi government white paper, a report of the Emergency Cell for Financial Reform. What the paper doesn’t predict is that in the next 6-12 months, and possibly beyond, we could see a worsening of the crisis with both current and …
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