There is the opportunity for the rebirth of Mosul and Nineveh, as well as for Iraq, but without a valid plan in place for the liberation of Mosul, that includes the formation of political agreements and huge post-conflict efforts of reconstruction, reconciliation and de-radicalisation, it will be a stillbirth rather than the beginning of a new and promising life.
This report is a contribution to the public debate in the Kurdistan Region of Iraq (KRI) about crucial aspects of the current economic crisis and the Kurdistan Regional Government’s (KRG) immediate response. In addition, it looks at the impact of four different policy options, such as a.) independence b.) rapprochement with Baghdad c.) macro-financing from International Stakeholders and d.) macro-financial assistance from Regional Stakeholders, may have in averting an economic meltdown in the short-term, on the assumption that the oil prices will remain suppressed for the foreseeable future. This report argues that it is only when the economic meltdown is averted in the short-term that the KRG will be able to proceed with deep structural reforms in the public sector and start working on the diversification of the economy.
Topic:
International Relations, International Cooperation, and International Security
The MERI Economic Forum 2016 is the first of its kind to be held in Iraq or the Kurdistan Region. Iraq and the KRI, at the time of the forum in April 2016, were in the midst of a severe financial and economic crisis and searching for ways to move away from the rentier-state economic model to restructure and grow the economy.