‘There is no money’: Is Iraq entering a phase of lean years?

Baghdad, Iraq – A colloquial phrase by Iraqi Minister of Health Abdul Hussein al-Musawi uttered at a meeting for medical staff, health workers and others in Baghdad made many Iraqis concerned. “There is no money,” he said, which, to many, seemed closer to an official declaration regarding the scale of the financial distress facing the Iraqi state. In an unprecedented moment of candour...