Can New Tech Save Iraq’s Old Economy?
As the United States recalibrates its relationship with Iraq, the advent of Iraq’s cyber economy also provides an opportunity for the Biden administration to consider how it can encourage the evolution of Iraq’s economy.
Eighteen years after a U.S.-led invasion ended President Saddam Hussein’s rule, Iraq’s moribund economy is poised to make a technological leap that could enable it to bypass both structural problems and petty corruption that have strangled its private sector. On May 1, 2021, the Trade Bank of Iraq will inaugurate its mobile money app. The move might seem minor but across the globe, the ability to pay by phone has enabled countries to leapfrog over poor physical banking infrastructure, dried up common corruption schemes, and catalyzed innovation.
U.S. Department Of The Treasury Announces Coordinated Climate Policy Strategy With New Treasury Climate Hub And Climate Counselor Date
Today, the U.S. Department of the Treasury announced a coordinated climate policy strategy that will:
Bring to bear the full force of the Treasury Department on domestic and international policymaking, leveraging finance and financial risk mitigation to confront the threat of climate change. These actions will position the economy for strong and sustainable growth consistent with a net-zero emissions future.
To implement this strategy, Treasury will focus on the broad range of its climate-related policy work connected to 1) climate transition finance, 2) climate-related economic and tax policy, and 3) climate-related financial risks. As part of this strategy, Treasury is also creating a new Climate Hub and appointing a Climate Counselor to coordinate and lead many of its efforts to address climate change.
Iraqi Stability Depends on U.S. Business
While U.S. presidents and secretaries of state fill their planes to Baghdad with aides and journalists, foreign leaders fill theirs with businessmen.
RAMADI Seventeen years ago the road from Abu Ghraib through Fallujah to Ramadi was among the most dangerous real estate in Iraq. On Feb. 12, 2004, insurgents fired rocket-propelled grenades at a convoy transporting John Abizaid, then-commander of U.S. Central Command, and Maj. Gen. Charles Swannack, commander of the 82nd Airborne Division, in Fallujah. Later that month, insurgents attacked three police stations simultaneously and freed close to one hundred prisoners. By March 2004, insurgents were cementing control over Fallujah. Attacks on U.S. and allied Iraqi forces became a near-daily occurrence both in the city, in nearby Habbaniyah, and in the provincial capital Ramadi. On March 31, 2004, insurgents ambushed a Blackwater convoy, set their bodies ablaze, dragged their corpses through the s
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