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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    World Bank: Iraq will lose 20% of its water and drought will reduce GDP by 4%

    Rocky
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    World Bank: Iraq will lose 20% of its water and drought will reduce GDP by 4% Empty World Bank: Iraq will lose 20% of its water and drought will reduce GDP by 4%

    Post by Rocky Fri 26 Nov 2021, 6:23 am


    [size=30]World Bank: Iraq will lose 20% of its water and drought will reduce GDP by 4%

    2021-11-25
    [/size]
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    Yes Iraq: Baghdad

    The World Bank expects the water percentage in Iraq to decrease by about 20% by the year 2050, according to a recent report, which indicated the possibility of a decline in the gross domestic product by about 4%, or the equivalent of 6.6 billion dollars, due to drought and its impact on crops.
     
    The report devotes a special chapter on “overcoming water scarcity and the effects of climate change,” in which it calls for broad reforms in the water sector to make optimal use of the opportunities it provides, and to better manage the risks associated with it. In fact, reducing the water supply in Iraq by 20%, and the accompanying negative changes in agricultural crop yields as a result of climatic changes, could reduce the real GDP in Iraq by up to 4%, equivalent to 6.6 billion American dollar.
     
    Commenting on this, Saroj Kumar Jha, Regional Director of the Mashreq Department at the World Bank, said: “Investing in climate-smart water management practices provides a real opportunity to spur inclusive and green economic growth and development in Iraq. Without concrete action, the constraints on the water sector will result in significant losses across multiple sectors of the economy, and will affect more and more of the neediest of Iraqis.”
     
    The water sector in Iraq relies on a highly centralized institutional structure, which creates coordination challenges in managing water resources and providing services throughout the country. In addition, this sector suffers from a lack of funding due to the constraints associated with the available spending space in the public finances at the present time, and the weak participation of the private sector in this sector, not to mention the limited revenues collected from subscribers of water services. Regarding the next steps, the Iraq Economic Monitor report identifies three areas of reform aimed at improving the resilience of Iraq and Iraqis to water scarcity and the impacts of climate change: water use efficiency, productivity, and demand management policies; institutional solutions; And regional solutions for Iraq's regional surroundings.
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