The Inevitability of Reform in Iraq

By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

The irrefutable logic of numbers and the inevitability of reform in Iraq

On October 13, Iraq's Council of Ministers endorsed the White Paper for financial and fiscal reform.

While, on the surface, the paper might appear to be yet another economic reform package in response to a fiscal crisis brought about by falling oil revenues, the lofty goals are likely to be forgotten as soon as rising oil prices rescue the state from its current quagmire. However, the paper-a first for any Iraqi government-identifies the fault lines in the economy and the political system that fostered them.

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