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Economic & Sector Work

Kurdistan Region of Iraq : Economic and Social Impact Assessment of the Syrian Conflict and the ISIS Crisis

ACCESS LEVELS ACCESS TO FINANCE ACCOUNTING AGGREGATE DEMAND AGRICULTURE ORGANIZATION ANNUAL BUDGET ARREARS ASSISTANCE TO REFUGEES BANK LOAN BANKING SECTOR BANKRUPTCY BASELINE CALCULATIONS BASELINE SCENARIO BASIC NEEDS BASIC SERVICES BIDS BLACK MARKET BUDGET ALLOCATION BUDGET CRISES BUDGET CRISIS BUDGET DATA BUDGET DEFICITS BUDGET LAW BUDGET SUPPORT BUDGET TRANSFERS BUDGETARY RESOURCES BUDGETING CAPITAL BUDGET CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL SPENDING CAPITAL STOCK CAPITAL STOCKS CASH TRANSFER CASH TRANSFERS CENTRAL BUDGET CENTRAL GOVERNMENT CENTRAL GOVERNMENT BUDGET CIVIL SERVANTS COMMERCIAL BANKS CONSUMER PRICE INDEX CONSUMPTION GOODS CURRENCY DEBT DEBT ISSUANCES DEBT STOCK DEFENSE EXPENDITURES DEPOSIT DEPOSITS DEVELOPMENT CORPORATION DISBURSEMENTS DIVERSIFICATION DOMESTIC BORROWING EARNINGS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC GROWTH RATE ECONOMIC GROWTH RATES EDUCATION SERVICES EDUCATION SYSTEM EDUCATIONAL OPPORTUNITIES ELASTICITIES EMPLOYMENT OPPORTUNITIES ENTREPRENEURS EQUIPMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORTER EXTERNAL DEBT FAMILIES FARMERS FEDERAL BUDGET FINANCIAL ASSETS FINANCIAL COST FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SUPPORT FISCAL ACTIVITIES FISCAL BALANCE FISCAL COST FISCAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL IMPACT FISCAL IMPLICATIONS FISCAL MANAGEMENT FISCAL SUSTAINABILITY FISCAL TRANSFERS FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FUTURES GENDER GLOBAL TRADE GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT SPENDING GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT GROWTH RATE HEALTH CARE HEALTH EXPENDITURE HEALTH OUTCOMES HEALTH SECTOR HEALTH SERVICES HEALTH SPENDING HOSPITAL SERVICES HOUSEHOLDS HUMAN DEVELOPMENT ID INDIRECT COSTS INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INSURANCE INTEREST PAYMENTS INTERNATIONAL TRADE INVESTING INVESTMENT BUDGET INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FLOWS INVESTMENT POLICY INVESTMENT PROJECTS INVESTMENT SPENDING INVESTOR CONFIDENCE ISLAMIC BANKS JOB OPPORTUNITIES LABOR MARKET LANGUAGE BARRIERS LINE OF CREDIT LOCAL ECONOMY LOSS OF REVENUE MACROECONOMIC ENVIRONMENT MACROECONOMIC IMPACT MACROECONOMIC MODEL MACROECONOMIC SITUATION MARKET PRICES MARKET SHARE MARKET TRADE MFI MFIS MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MINISTRY OF FINANCE MONETARY FUND MONETARY VALUES NATIONAL ACCOUNTS NATIONAL BUDGET NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NUTRITION O&M OIL PRICE OPERATING COST OPPORTUNITY COST OUTREACH OUTSTANDING LOANS PENSIONS PHYSICAL CAPITAL POLITICAL STABILITY PORTFOLIO PRIVATE BANKS PRIVATE CONSUMPTION PRIVATE INVESTORS PRIVATE SECTOR PROGRAM MANAGEMENT PROGRAMS PROVISION OF ACCESS PUBLIC CAPITAL PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR SPENDING PUBLIC SERVICES PUBLIC SPENDING QUANTITATIVE DATA REFUGEE REFUGEES REGIONAL GOVERNMENT RETURN RISK FACTOR ROAD MAINTENANCE ROAD NETWORK SAFETY NET SAFETY NETS SALARY PAYMENTS SANITATION SAVINGS SOCIAL ASSISTANCE SOCIAL BENEFITS SOCIAL DEVELOPMENT SOCIAL PROTECTION SOCIAL SAFETY NETS SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS STRUCTURAL DEVELOPMENT STRUCTURAL REFORMS TAX TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL EXPENDITURES TOTAL PUBLIC SECTOR TRADING UNCERTAINTY UNEMPLOYMENT UNION VULNERABLE GROUPS WARRANTS WORKING CAPITAL
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Washington, DC
Middle East and North Africa | Iraq
2015-03-11T22:01:53Z | 2015-03-11T22:01:53Z | 2015-02

The development objective of the Kurdistan Regional Government (KRG) economic and social impact assessment is to provide the Iraqi Government with an impact analysis of the current crisis at the regional level. This will provide a foundation for international efforts to assist the KRG in its efforts to rally humanitarian support. The events which motivate this study include: the Syrian civil war, which began in 2011; and the insurgency of the ISIS (Islamic State in Iraq and Syria) group, which began in June 2014. The violence and atrocities associated with each of these two events caused tens of thousands to flee their homes and many chose the relative safety of Kurdistan Region of Iraq (KRI), as refugees from the Syrian conflict and as internally displaced persons (IDPs) from the ISIS crisis. These events took place in the context of the fiscal crisis, which caused about a 90 percent drop in fiscal transfers from the central government in Baghdad starting in early 2014. This report provides the government with a technical assessment of the impact and stabilization costs associated with the influx of refugees and IDPs. Impact refers to the immediate economic and fiscal effects on the KRG economy and budget, while stabilization cost refers to the additional spending that will be needed to restore the welfare of residents of the KRI. The report is the outcome of a process in which a World Bank team engaged intensively on the ground with regional government institutions and international partners to gather and mobilize data from disparate sources into a structured narrative and integrated technical presentation from which all stakeholders can draw to help them design and implement strategies for coping with the crisis.

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