The Kurdistan Region of Iraq: Assessing the Economic and Social Impact of the Syrian Conflict and ISIS

doi:10.1596/978-1-4648-0548-6

Publication:
The Kurdistan Region of Iraq: Assessing the Economic and Social Impact of the Syrian Conflict and ISIS

dc.contributor.author	World Bank
dc.date.accessioned	2015-03-27T20:45:44Z
dc.date.available	2015-03-27T20:45:44Z
dc.date.issued	2015-04-15
dc.description.abstract	The Kurdistan region of Iraq is facing an economic and humanitarian crisis as a result of the influx of Syrian refugees which began in 2012 and internally displaced persons (IDPs) in 2014. The region's population increased by 28 percent over a short period, placing strains on the local economy, host community, and access to public services. This book provides national and regional policy makers with a technical assessment of the impact and stabilization costs needed for 2015 associated with the influx of refugees and IDPs. The stabilization cost for 2015 is estimated at US$1.4 billion in additional spending above and beyond the region's budget. This estimate could significantly increase should the crisis persist longer. The study highlights how prices and unemployment have increased, and refugees and IDPs entering the labor market are pushing wages down. A surge in violence led to supply side shocks. The ISIS crisis has had a significant effect on trade of goods and services. Transportation routes were disrupted. Foreign direct investment flows have declined and operations of foreign enterprises have been adversely affected. Disruption of public investment projects have had a negative impact on the economy. Based on the World Bank estimates, economic growth contracted by 5 percentage points in the region and the poverty rate more than doubled, rising from 3.5 percent to 8.1 percent. While the government has been responsive to addressing the needs of the displaced population up until now, more resources are needed to avert this humanitarian crisis and address the needs of the displaced population in the medium- and long-term.	en
dc.identifier.doi	10.1596/978-1-4648-0548-6
dc.identifier.isbn	978-1-4648-0548-6
dc.identifier.uri	https://hdl.handle.net/10986/21637
dc.language.iso	en_US
dc.publisher	Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	displaced populations
dc.subject	IDPs
dc.subject	Islamic State
dc.subject	cost of conflict
dc.subject	cost of war
dc.subject	economic impact
dc.subject	humanitarian assistance
dc.subject	humanitarian crisis
dc.subject	internally displaced persons
dc.subject	refugees
dc.subject	social impact
dc.title	The Kurdistan Region of Iraq	en
dc.title.subtitle	Assessing the Economic and Social Impact of the Syrian Conflict and ISIS	en
dc.type	Book	en
dc.type	Livre	fr
dc.type	Libro	es
dspace.entity.type	Publication
okr.date.disclosure	2015-04-15
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Publication
okr.globalpractice	Macroeconomics and Fiscal Management
okr.guid	574421468253845198
okr.guid	271101468188655949
okr.identifier.doi	10.1596/978-1-4648-0548-6
okr.identifier.report	95808
okr.language.supported	en
okr.region.administrative	Middle East and North Africa
okr.region.country	Iraq
okr.topic	Communities and Human Settlements::Human Migrations & Resettlements
okr.topic	Conflict and Development::Armed Conflict
okr.topic	Conflict and Development::Conflict and Fragile States
okr.topic	Macroeconomics and Economic Growth::Subnational Economic Development
okr.topic	Poverty Reduction::Poverty Monitoring & Analysis
okr.topic	Poverty Reduction::Social Development & Poverty
okr.topic	Social Development::Social Analysis
okr.topic	Social Development::Social Conflict and Violence
okr.unit	Macro and Fiscal Mgmt - GP (GMFDR)