11. Averting an Economic Meltdown in the KRI: Aligning Political Objectives with Economic Necessities
- Author:
- Athanasios Manis
- Publication Date:
- 07-2016
- Content Type:
- Policy Brief
- Institution:
- Middle East Research Institute (MERI)
- Abstract:
- 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
- Political Geography:
- Middle East