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Tag Archives: financial crisis

President Barzani’s Statement on Progress of Reform Process

masoud barzani kurdistan reform

Kurdistan Region President Masoud Barzani issued a statement on the progress of the reform initiative that he had announced in February 2016. The President lauded the reform plan recently announced by KRG in consultation with the World Bank, the UN, and other international and national organizations. He also thanked the …

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Kurdistan’s Economy Is On Its Knees

Oil windfalls brought attracted investors  a number of years to Kurdistan Region; now the KRG is on a total bankruptcy.

Near a quiet park in Sulaimaniya, the second largest city in Iraq’s Kurdistan region, Ali and his fellow taxi drivers are engaged in deep conversation. The topic touches upon the struggles that he and his friends are now facing. “There are few customers these days. People don’t have the money …

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President Barzani Meets With U.N. Chief Ban Ki-Moon in Erbil‏

Barzani and Ban Ki Moon

President Masoud Barzani welcomed the Secretary General of the United Nations, Mr. Ban Ki-moon, the President of the World Bank, Mr. Jim Yong Kim, and President of the Islamic Development Bank. Mr Ahmad Mohamed Ali Al-Madani,  in Erbil on Saturday to discuss the latest developments concerning the ongoing efforts to defeat ISIS terrorists, …

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