Supporting Private Sector Development in Iraq
While Iraq is a middle-income country it
faces challenges which are more commonly found in low income
countries. These include dependence on one primary commodity
(crude oil); significant infrastructure reconstruction and
rehabilitation needs; and poorly performing regulatory
policies, institutions and processes. Iraq's recent
success in stabilizing its macro economy and budget was an
important step towards reversing this situation. However,
much more needs to be done. For example, oil revenues
generate over 95 percent of budget revenues but the oil
sector employs only one per cent of the labor force.
Developing a strong and healthy private sector is necessary
for Iraq to develop a diversified and resilient market
economy with rising living standards. Furthermore progress
is needed in diversifying its economy and creating healthy
competition in markets to generate employment and
sustainable livelihoods for the majority of its growing
population. Iraq's transition to a more diversified
market economy continues to take place in a fragile
political, security and institutional context.
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Bibliographic Details
| Main Authors: |
Rimmer, Stephen,
Al-Ani, Mohammed |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2011-11
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| Subjects: | ACTION PLAN,
ASSETS,
BANKING SECTOR,
BUSINESS ENABLING,
BUSINESS ENABLING ENVIRONMENT,
BUSINESS ENVIRONMENT,
BUSINESS PLANNING,
BUSINESS REGULATIONS,
BUSINESSES,
CENTRAL BANK,
COMMODITY,
DEVELOPMENT CENTER,
DRAFT LEGISLATION,
ECONOMIC REFORMS,
ELECTRICITY,
EMPLOYMENT,
FINANCIAL SECTOR,
FINANCIAL SECTOR REFORMS,
GOVERNANCE REFORMS,
GOVERNMENT ASSETS,
HOUSING,
INSTITUTIONAL REFORMS,
INTERNATIONAL FINANCE,
INVENTORY,
KNOWLEDGE DISSEMINATION,
LABOR FORCE,
LABOR RESTRUCTURING,
LEGISLATION,
MARKET ECONOMY,
MICRO-FINANCE,
MINISTER,
MINISTERS,
NEW BUSINESS,
OUTREACH,
PRIVATE PARTNERSHIPS,
PRIVATE SECTOR,
PRIVATE SECTOR DEVELOPMENT,
REGULATORY CAPACITY,
REGULATORY INSTITUTIONS,
REGULATORY POLICIES,
REGULATORY REFORM,
RESULT,
STAKEHOLDERS,
STATE OWNED BANKS,
SUPERVISION,
TELECOMMUNICATIONS,
TRAINING WORKSHOPS,
UNION,
UNIONS,
VERIFICATION, |
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| Online Access: | http://documents.worldbank.org/curated/en/2011/11/15572393/supporting-private-sector-development-iraq
https://hdl.handle.net/10986/10859
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