The twin shocks of COVID-19 pandemic and the collapse of oil prices have caused significant economic challenges and pushed millions of Iraqis into poverty. With a Special Focus on Impacts of COVID-19 and weak oil prices on household poverty, the new issue of the World Bank’s Iraq Economic Monitor t finds that even under a benign impact scenario, up to 5.5 million more Iraqis could fall into poverty due to these twin crises.
- Protecting Vulnerable Iraqis in the Time of a Pandemic: The Case For Urgent Stimulus and Economic Reforms (Full Report in a PDF Format)