Militant threat haunts Iraq’s race to revive economy
The gruelling, three-year battle to wrest Iraqi territory from ISIS is drawing to a close but a tougher challenge may have just begun: repairing a shattered economy. Iraq has suffered waves of violence and insurgency since the 2003 US invasion, and politicians and businesses say the government’s ability to address joblessness and poverty, improve the […]Erika Solomon writes for Financial Times:
The gruelling, three-year battle to wrest Iraqi territory from ISIS is drawing to a close but a tougher challenge may have just begun: repairing a shattered economy.
Iraq has suffered waves of violence and insurgency since the 2003 US invasion, and politicians and businesses say the government’s ability to address joblessness and poverty, improve the poor delivery of services and tackle corruption will be critical to ensuring stability.
“Investment and security go together,” said Daoud al-Jumaili, head of the Iraqi National Business Council. “When we get the economy moving and combat unemployment, that is when people look to rebuild their lives instead of looking to fight.”
