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All Journal Indonesian Journal of Law and Economics Review IJEFSD
Dakhel, Alaa Abbas
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Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

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Faw Grand Port and Its Impact on Sustainable Development in Iraq: Pelabuhan Besar Faw dan Dampaknya terhadap Pembangunan Berkelanjutan di Irak Dakhel, Alaa Abbas; Sultan, Ibrahim Khalil
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1284

Abstract

Transport is a key driver of economic growth, encompassing land, maritime, and air transport. Maritime transport is particularly vital for global trade, offering an affordable means of moving goods. Both developed and developing nations invest in commercial shipping fleets, modernize ports with advanced technology, and enhance operational systems to stimulate foreign trade. Iraqi ports play a crucial role in national economic development, prompting the government to revitalize existing ports and construct new ones. One significant initiative is the Grand Faw Port, a strategic project within the dry canal corridor, connecting the Arabian Gulf through Basra’s ports to the Mediterranean via Syria and to Northern Europe through Turkey. This port aims to strengthen Iraq’s role in global trade, drive economic progress, and support sustainable development by improving logistics and transport efficiency. By establishing Grand Faw Port, Iraq seeks to enhance its commercial shipping capacity, positioning itself as a major regional trade hub. The project is expected to create employment opportunities, boost investments, and contribute to long-term economic stability. As maritime trade continues to expand, the Grand Faw Port will serve as a catalyst for Iraq’s integration into international markets, reinforcing its economic resilience and global trade participation. Highlights: Transport drives economic growth through maritime trade and infrastructure development. Iraq develops Grand Faw Port to enhance global trade connectivity. The port boosts economic progress and supports sustainable development. Keywords: Faw Port, sustainable development, economic growth, transportation, trade
Quantitative Easing and Economic Stimulus Policies: Potential Benefiting from Them in Iraq Kadhim, Halah Hashim; Dakhel, Alaa Abbas
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 4 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v7i4.5513

Abstract

Quantitative easing is an unconventional monetary policy used by some central banks to stimulate the local economy. The central bank prints a predetermined amount of money that will be used to purchase government bonds or financial assets to increase liquidity, this increases the excess reserves of the banking system, increases the prices of the financial assets that were purchased, and reduces their size. Banks are also forced to lower the interest rate, which leads to increased borrowing in the country and thus stimulates the economy. This policy is usually used when normal methods of controlling the money supply fail, that is, when the bank interest rate, discount rate, and interbank interest rate are at or near zero. Through its mandate, the Central Bank of Iraq seeks to support the development process and stimulate economic growth in Iraq by supporting the liquidity of specialized banks with financial initiatives that enable them to provide industrial, agricultural, and housing loans to support economic activity and create job opportunities. It also provides financial initiatives to private commercial banks to finance small and medium-sized enterprises, the bank has taken several steps and provided facilities, including banking facilities through rescheduling bank loans to the private sector, particularly those owed by small and medium-sized enterprises, as well as extending the repayment period for existing and future loans , Continuing to support real activities through the lending policy adopted by the Central Bank and in cooperation with banks operating in Iraq to drive development.
Co-Authors Kadhim, Halah Hashim Sultan, Ibrahim Khalil