Iraq’s Kurdistan Regional Government (KRG) is implementing reforms to avoid fnancial collapse and strengthen its economy and investment framework. But it faces fresh hurdles in the form of a looming funding dispute with Baghdad. “The choice facing Iraq as a whole, and the KRG within it, is either reform or collapse. We have picked reform,” KRG deputy prime minister Qubad Talabani says. The KRG is working to facilitate foreign investment, diversify the economy through agriculture and electricity, reduce corruption, strengthen tax laws and modernise its banking sector, KRG prime minister Masrour Barzani says. But the process is painful and difcult, Talabani admits.
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