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Iraqi Kurdistan: KRG economy at risk of collapse as fears of ISIS revival rise


Issue 1103 - 22 May 2020

Economic dangers: KRG officials have told their United States counterparts they are concerned the region’s economy “is close to collapsing,” according to the latest Operation Inherent Resolve quarterly report covering Q1 2020. The economy is suffering from a collapse in oil revenues as well as the impact of the coronavirus lockdown. The KRG’s Q1 income from oil exports was expected to average $63m a month, down from $300m-350m/month last year.

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