Iraq’s investor outlook worsens

The investment environment in Iraq is being affected by continued turmoil in domestic politics and the country’s battle with Covid-19

The resignation of Iraqi prime minister designate Mohammed Tawfiq Allawi at the start of this month following his failure to form an administration shows the fractured state of politics in Iraq and leaves the country without a complete government. New elections will be needed, and former prime minister Adil Abdul Mahdi has suggested they could be held towards the end of this year. This would entail the current government continuing without a prime minister until then. Investment delay No prime minister also means no permanent oil minister, which could prevent Iraq from passing legislation required for investment decisions on key projects. “Security and coronavirus will continue to be a big