Iraq Water Report 2015
BMI View: We expect the majority of our forecast indicators to see a substantial decline over 2015 in thewake of IS' continued targeting of water facilities, and we do not anticipate a full recovery until the end ofour forecast period. Should the conflict continue or intensify, with IS destroying facilities as opposed tocapturing them, then this poses a significant downside risk to our forecasts.
ISIS still controls or has a presence near a number of key river dam water supply facilities across Iraq,particularly those on the major Tigris and Euphrates rivers, which represent Iraq's key freshwater resources.We see this as a serious risk both to continued existing supplies and to future investments into the sector, asinfrastructure and management companies are unlikely to want to invest in a country where their waterassets are at such risk. International attention had previously been focused on risks to the oil sector in Iraq,but water is now firmly in the public eye and the full significance of IS' strategic movements is beginning toshow. Although economically their occupation of key oil-producing regions posed a serious threat to Iraq'seconomic stability (and had implications for the wider region) the threat to the country's water supplies is afar more immediate danger, particularly in the southern regions of Iraq which rely heavily on the rivers'waters.
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