Addressing Iraq’s Fragility crucial to Recovery from COVID

Addressing Iraq’s fragility crucial to recovery from COVID-19 pandemic

Failure to address Iraq’s multi-faceted fragility could lead to an increase in extreme poverty across the country, according to a new report released today by the United Nations Development Programme (UNDP) in Iraq.

Impact of the Oil Crisis and Covid-19 on Iraq’s Fragility explores the major dimensions of fragility – economic, environmental, political, societal, and security – and their impact on Iraq in the context of the current COVID-19 pandemic and resulting oil crisis.

The paper is the first in a series of policy papers that UNDP will issue on the impact of COVID-19 on Iraq. It provides key recommendations to support the Government of Iraq, local development actors and the international community develop strategies that enable Iraq to recover from the devastating effects of the pandemic.

“In fragile countries, social safety nets are weak and insufficiently address the basics needs of the most vulnerable groups in society. This ultimately results in deeper social inequalities,” says Resident Representative of UNDP Iraq, Zena Ali Ahmad.

“For Iraq, decades of conflict have hampered the country’s stability and stunted its prosperity. The onset of COVID-19 and the oil crisis exacerbated existing fragilities in the country.

“The different dimensions of fragility explored in this report emphasise that Iraq’s fragility is not a result of one single event; it involves a number of intricate factors that have collectively impacted every aspect of the country’s development, and these must be closely considered when charting the path to Iraq’s recover from the pandemic.

“Tackling Iraq’s fragility by addressing these main drivers is critical to achieving Agenda 2030 and getting Iraq back on a prosperous and tangible development trajectory. We hope this policy paper is a useful tool for partners to shape effective policies for post-COVID-19 recovery in the country,” she adds.

The policy paper, which applies a multidimensional concept of fragility based on the methodology developed by the Organisation for Economic Co-operation and Development (OECD),  was developed in consultation with UN agencies in Iraq, notably the Food and Agriculture Organization of the United Nations (FAO), the International Organization for Migration (IOM), the International Labor Organization (ILO), the United Nations Population Fund (UNFPA), the United Nations Children’s Fund (UNICEF), the United Nations Entity for Gender Equality and the Empowerment of Women (UN WOMEN), the World Food Programme (WFP) and the World Health Organization (WHO).

UNDP’s upcoming policy papers will cover the themes of: social protection, macro-economic stability, social cohesion, and household vulnerability.

Impact of the Oil Crisis and Covid-19 on Iraq’s Fragility is available on the UNDP Iraq website

(Source: UNDP)

Iraq launches Social Fund to Fight Poverty

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

The Iraqi Ministry of Planning announced the launch of the Social Fund for Development on Sept. 23, with initial capital of $300 million, in cooperation with the World Bank.

The project aims to improve the living conditions of Iraq’s poor. High poverty rates in Iraq have led to repeated protests for 15 years calling for improving the standard of living and for more employment opportunities. These protests have resulted in dozens of deaths and injuries.

A May 2018 World Bank report noted that Iraq’s population of 38.5 million sits at the poverty line with a poverty rate of 22.5%. The spokesman for the Iraqi Ministry of Labor and Social Affairs, Ammar Menem, told Al-Monitor that this high rate is due to “exceptional security conditions ensuing from the war and its costs, as well as to the slump in oil prices. This resulted in the cessation of funding of projects for the rehabilitation of unemployed persons, a lack of investment projects and faltering economic growth.”

Click here to read the full story.

Iraq launches Social Fund to Fight Poverty

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

The Iraqi Ministry of Planning announced the launch of the Social Fund for Development on Sept. 23, with initial capital of $300 million, in cooperation with the World Bank.

The project aims to improve the living conditions of Iraq’s poor. High poverty rates in Iraq have led to repeated protests for 15 years calling for improving the standard of living and for more employment opportunities. These protests have resulted in dozens of deaths and injuries.

A May 2018 World Bank report noted that Iraq’s population of 38.5 million sits at the poverty line with a poverty rate of 22.5%. The spokesman for the Iraqi Ministry of Labor and Social Affairs, Ammar Menem, told Al-Monitor that this high rate is due to “exceptional security conditions ensuing from the war and its costs, as well as to the slump in oil prices. This resulted in the cessation of funding of projects for the rehabilitation of unemployed persons, a lack of investment projects and faltering economic growth.”

Click here to read the full story.