Iraqi Kurdistan’s Economic Crisis Could Inflame Political Tensions

A military operation against the Islamic State by Kurdish peshmerga west of the oil-rich city of Kirkuk, Iraq, Sept. 30, 2015 (AP photo).
A military operation against the Islamic State by Kurdish peshmerga west of the oil-rich city of Kirkuk, Iraq, Sept. 30, 2015 (AP photo).
SUBSCRIBE NOW
Free Newsletter

During a visit to Washington in April, Qubad Talabani, the deputy prime minister of Iraq’s semiautonomous Kurdistan Regional Government, or KRG, declared that “the real existential threat facing Kurdistan today is the state of [its] economy.” The KRG’s monthly deficit had risen above $100 million, adding more strains on an already-teetering economy. Four months later, the KRG continues to face a financial crisis as oil production slows amid attacks from the Islamic State, refineries fall offline, and export quality drops. Kurdish leaders consider their region’s oil fields to be the foundation for an envisaged state. But falling oil revenue leaves […]

TO READ MORE

Enter your email to get instant access to this article and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.

And all of this is available to you — right now for just $1 for the first 3 months.

More World Politics Review