Turn a Light On: Electricity Sector Reform in Iraq

The need to confront and drive back the forces of the Islamic State (IS) has pushed long-term reform efforts in Iraq far down the list of priorities. Yet pressing...

The 2015 Budget: Financial Challenges and Opportunities for Economic Reform

In the extraordinary meeting of the Iraqi Council of Representatives held on 25/12/2014, the first reading of the 2015 budget was conducted. The budget was read as it was...

Oil – A Question of Economics

The recent debate over falling oil prices has become an over simplified economic question of supply and demand, ignoring other interrelated economic theories. Despite the global recession and, oil...

Turn a Light On: Electricity Sector Reform in Iraq

The need to confront and drive back the forces of the Islamic State (IS) has pushed long-term reform efforts in Iraq far down the list of priorities. Yet pressing economic reforms – such as restructuring and rebuilding the country’s energy sector – increasingly seem a strategic necessity, as oil prices have fallen far below government projections. How can politicians be persuaded to invest in Iraq’s long-term future at a...

The 2015 Budget: Financial Challenges and Opportunities for Economic Reform

In the extraordinary meeting of the Iraqi Council of Representatives held on 25/12/2014, the first reading of the 2015 budget was conducted. The budget was read as it was received from the Council of Ministers, which had approved it the previous day.   The draft of the “Federal General Budget of Iraq for the 2015 Fiscal Year” states that the total revenues shall be IQD 99.8 trillion. These revenues are comprised...

Oil – A Question of Economics

The recent debate over falling oil prices has become an over simplified economic question of supply and demand, ignoring other interrelated economic theories. Despite the global recession and, oil demand has remained at 90-91 million barrels per day (mbd) over the past 5 years. However, due to the recession, Western nations have slowly reduced their demand. Meanwhile low growth, fuel efficiency, and demand in Asia has risen to compensate...

Turn a Light On: Electricity Sector Reform in Iraq

The need to confront and drive back the forces of the Islamic State (IS) has pushed long-term reform efforts in Iraq far down the list of priorities. Yet pressing economic reforms – such as restructuring and rebuilding the country’s energy sector – increasingly seem a strategic necessity, as oil prices have fallen far below government projections. How can politicians be persuaded to invest in Iraq’s long-term future at a...

The 2015 Budget: Financial Challenges and Opportunities for Economic Reform

In the extraordinary meeting of the Iraqi Council of Representatives held on 25/12/2014, the first reading of the 2015 budget was conducted. The budget was read as it was received from the Council of Ministers, which had approved it the previous day.   The draft of the “Federal General Budget of Iraq for the 2015 Fiscal Year” states that the total revenues shall be IQD 99.8 trillion. These revenues are comprised...

Oil – A Question of Economics

The recent debate over falling oil prices has become an over simplified economic question of supply and demand, ignoring other interrelated economic theories. Despite the global recession and, oil demand has remained at 90-91 million barrels per day (mbd) over the past 5 years. However, due to the recession, Western nations have slowly reduced their demand. Meanwhile low growth, fuel efficiency, and demand in Asia has risen to compensate...

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