Iraq’s post-2003 political system is facing political and economic dysfunction mired by widespread corruption, economic inequalities and lack of improvement in living standards. The unstable political situation is further accentuated by the influence and control of external actors, i.e. Iran and the US. Intense turmoil and political stalemate stemming from political competition and rivalries among the key stakeholders delayed government formation and appointment of new President, Prime Minister and cabinet for almost a year since the last election on 10 October 2021. On 13 October 2022, the parliament finally appointed Abdul Latif Rashid as President who nominated Mohammed Shia al-Sudani as the Prime Minister. The political future however continues to remain precarious.