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Iraq's economy is gradually emerging from the deep recession caused by the pandemic and the plunge in oil prices in 2020. Higher oil revenues pushed Iraq's overall fiscal and external balances into a surplus in 2021. The turnaround in oil markets has significantly improved Iraq's economic...
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This report - the first phase of a programmatic Iraq country economic memorandum (CEM) is structured around the themes of revenue management and economic diversification. These themes accord with the economic challenges faced by Iraq in the medium term but contrast with the short-termism of...
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This edition of the Kazakhstan Country Economic Update (CEU) is part of a semi-annual series designed to monitor socio-economic developments in Kazakhstan. It presents a concise analysis of political, economic and social developments, as well as a progress report on structural reform...
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the benefits generated by the exploitation of its petroleum resources, and to manage the economic and social impact of … petroleum sector reforms, which might be the object of technical assistance to be provided by the World Bank and other … development partners. The report focuses on the upstream part of the petroleum sector (exploration and production), where the …
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Cambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of Coronavirus (COVID-19)-related restrictions. Negative impacts of the oil price shock are amplified by Cambodia's already large external imbalances. Rising food and energy prices have...
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The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that should be implemented. Relative to the previous literature, this paper is novel in several respects. First of all, we test and systematically evaluate the ability of several...
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