The State of Iraq’s Economy One Year on from Allawi’s White Paper

The State of Iraq’s Economy One Year on from Allawi’s White Paper

This is the English recording of Panel 2 from the 28th September Conflict Research Programme-Iraq Conference 'Iraq on the Eve of Elections: A new era or return to the status quo?'. Iraq has long been on the verge of economic collapse. This was expounded in April 2020, when the fall in oil prices in the wake of the Covid-19 pandemic meant that the government struggled to pay public sector workers for several months. In response, Finance Minister Ali Allawi published a White Paper meant as a road map for the country’s economic recovery and later, in January of this year, devalued the dinar by 20% as a means of stimulating internal markets. Yet, 90% of all government revenues continue to come from oil sales leaving Iraq’s economy vulnerable to the volatility of global oil markets and state sanctioned corruption sees up to 30% of public funds lost every year. What is more, while the public payroll has more than tripled since 2003, the development of the private sector continues to be hampered by poor infrastructure and limited access to capital. As a consequence, youth unemployment in Iraq stands at 25.2% and the World Bank estimates that 5.5 million Iraqis are at risk of being pushed into poverty. This panel examines the success of reforms undertaken by Mustafa Al Kadhimi’s government and opportunities for further reforms, as well as the socio-political consequences of economic complacency. Chair: •Chloe Cornish – Financial Times Speakers: • Ahmed Tabaqchali – Institute of Regional and International Studies • Ali Al Mawlawi – Independent Consultant • Alia Moubayed – Jefferies International

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Episoder(340)

Sovereignty in Iran: Challenges to Eurocentrism from Ancient Iran to the Islamic Republic

Sovereignty in Iran: Challenges to Eurocentrism from Ancient Iran to the Islamic Republic

The LSE Middle East Centre hosted the launch of Shabnam Holliday's new book, Sovereignty in Iran: Challenges to Eurocentrism from Ancient Iran to the Islamic Republic. This multidisciplinary and inter...

7 Jul 1h 3min

Policy and the Future of Education in Kuwait

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29 Jun 59min

Turkey and the Liberal International Order: Hegemony, Contestation and the Politics of Articulation since 1919

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The LSE Middle East Centre hosted the launch of 'Turkey and the Liberal International Order', a new book examining Turkey’s complex and evolving relationship with the liberal international order from ...

29 Jun 58min

In Conversation with Abderrahmane Hadj Nacer and Francis Ghiles

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As part of the British Academy Conference 'Algeria: Historical Struggles and Imagined Utopias' organised by the LSE Middle East Centre and the Centre for Peace and Security, Coventry University. A fa...

18 Jun 1h 16min

Algeria and the Anxiety of Decolonisation: Case Studies in Language and Gender

Algeria and the Anxiety of Decolonisation: Case Studies in Language and Gender

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16 Jun 1h 24min

Kurdish Studies Conference: Developing Kurdish Studies as a scholarly field

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This plenary session, delivered as part of the 2026 Kurdish Studies Conference by Marlene Schäfers, University of Utrecht and Kurdish Studies Journal and Welat Zeydanlıoğlu, Kurdish Studies Network, w...

15 Jun 1h 25min

Sudan’s Current War: A Longer View on Peacemaking and Prospects

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27 Mai 1h 13min

Social Protection and Conflict Prevention in Lebanon and Jordan

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8 Mai 57min

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