Over the past week, Iraq’s Prime Minister Nouri al-Maliki has declared that he will take a 50% cut in salary, and will not stand for a third term of office; the general consensus is that this is an attempt to head off any possible popular uprising against his rule.
As we pointed out last week, Iraq, being a democracy, is in a different situation to its neighbours, and indeed many have speculated that the existence of a democratic Iraq has encouraged the protestors in other countries.
But as our security expert John Drake explains, the Iraqi population still has much to be discontented about, and international investors can be part of the solution to their many problems.
This week, we’d also like to welcome Ronald Verdonk to our team of Expert Bloggers. Ronald has extensive experience in the agriculture sector, including placements in a wide range of developing economies. With food supply and pricing becoming a sensitive issue, not just in Iraq but worldwide, we look forward to reading his views on the country’s ability to feed itself.