The Kurdistan Region of Iraq: Assessing the Economic and Social Impact of the Syrian Conflict and ISIS World Bank 2015-03-27T20:45:44Z 2015-03-27T20:45:44Z 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.isbn 978-1-4648-0548-6
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
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 2015-04-15
okr.doctype Publications & Research
okr.doctype Publications & Research :: Publication
okr.globalpractice Macroeconomics and Fiscal Management
okr.identifier.doi 10.1596/978-1-4648-0548-6 95808
okr.language.supported en
okr.region.administrative Middle East and North Africa 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)
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
English PDF
5.81 MB
Adobe Portable Document Format
English PDF
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
1.71 KB
Item-specific license agreed upon to submission