A new International Organization for Migration (IOM) report sheds light on the negative impact the coronavirus has had on the Iraqi economy. The intergovernmental organization said that restrictions aimed at curbing the spread of the pandemic will continue to hurt small and medium-sized businesses in Iraq.
“The already dire situation is likely to deteriorate and become even more challenging for job and economic opportunity creation,” the IOM said in the report. “Livelihoods have been widely disrupted across the country, driven primarily by movement restrictions."
The IOM is a “related organization” of the United Nations and works closely with the international body on migration and displacement issues. Its Enterprise Development Fund supports job creation and economic growth in Iraq. The country hosts more than a million internally displaced persons and refugees. The fund was responsible for the report.
Iraq went into a lockdown in March when its number of confirmed coronavirus cases was still relatively low. Only essential businesses like supermarkets and pharmacies remained open. The country then eased restrictions in late April. Late last month, Iraq returned to a full lockdown after a surge in cases.
AL-MONITOR All-Access gives you unlimited access to all our journalism, the full Daily Briefing, exclusive interviews, premium newsletters, and live events — for less than $2/week.