Managing Debt in the Kurdistan Region
The Kurdistan Regional Government (KRG) has faced significant challenges in managing its debt, estimated at around $33 billion, including more than $10 billion in KRG employees' salaries, due to political instability, heavy reliance on volatile oil revenues, and economic mismanagement. Effective debt management is critical for the KRG to maintain financial stability, promote economic growth, and ensure sustainable public finances. Below are several strategies the KRG can use to manage its debt m