Private Sector Development in Iraq : An Investment Climate Reform Agenda

Despite decades of war and instability, Iraq's abundant natural resources, strategic geographic location and cultural history endow it with tremendous potential for growth and diverse economic development. Driven by windfall oil revenues in recent years the Government of Iraq (GoI) has invested heavily in rebuilding infrastructure with abundant oil reserves ensuring steady progress. However, decades of socialist policies have tightly bound Iraq's economy to the state. The private sector has had little opportunity or incentive to invest, operate efficiently or expand. Moreover, Iraq's conflicts have led to pervasive insecurity, an exodus of educated and skilled Iraqis, isolation from global networks of information and trade, and major damage to infrastructure.

Bibliographic Details

Main Authors:	Dabidian, Hooman, Stone, Andrew
Language:	English en_US
Published:	World Bank, Washington, DC 2012-10
Subjects:	ACCESS TO EDUCATION, ACCESS TO FINANCE, ACCOUNTING, BANK RESTRUCTURING, BANKS, BINDING CONSTRAINTS, BUSINESS ENVIRONMENT, BUSINESS SUPPORT, CAPITAL MARKET, CAPITAL MARKET DEVELOPMENT, COLLATERAL, COLLATERAL REGISTRATION, COLLATERAL REQUIREMENT, COLLATERAL SYSTEM, COMMERCIAL LAWS, CONTRACT ENFORCEMENT, CORPORATE BONDS, CORRUPTION, CREDIT GUARANTEE, CREDIT INFORMATION, CREDITORS, DISPLACEMENT, DISPOSITION, DIVERSIFICATION, EARNINGS, ECONOMIC DEVELOPMENT, EDUCATION SYSTEM, EDUCATIONAL ATTAINMENT, EMPLOYABILITY, EMPLOYERS, ENABLING ENVIRONMENT, ENFORCEMENT OF LAWS, EQUAL OPPORTUNITY, EQUIPMENT, EXPORTERS, FINANCIAL INSTITUTIONS, FINANCIAL SECTOR, FINANCIAL SYSTEM, FOREIGN COMPANIES, FOREIGN PORTFOLIO, FOREIGN PORTFOLIO INVESTORS, GENDER, GENDER INDICATORS, GENDER INEQUALITY, GUARANTEE SCHEME, INCOME, INFORMAL SECTOR, INFORMATION ASYMMETRY, INFORMATION SYSTEM, INFORMATION TECHNOLOGY, INFRASTRUCTURE INVESTMENTS, INSTITUTIONAL CAPACITY, INSURANCE, INSURANCE COMPANIES, INSURERS, INTERNAL FUNDS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL INVESTORS, INVENTORY, INVESTING, INVESTMENT CLIMATE, INVESTMENT CLIMATE REFORM, INVESTMENT CLIMATE REFORMS, ISSUANCE, JOB CREATION, JOBS, JUDICIARY, LABOR FORCE, LABOR FORCE PARTICIPATION, LABOR LAW, LABOR MARKET, LABORERS, LACK OF ACCESS, LAND MANAGEMENT, LAND MARKETS, LAND REFORM, LAND REGISTRY, LARGE FIRMS, LEGAL ENVIRONMENT, LEGAL FRAMEWORK, LEGAL PROTECTIONS, LOAN, LONG TERM CAPITAL, MARKET DEVELOPMENT, MARKET INEFFICIENCIES, MARKET SHARE, MICROFINANCE, MONOPOLY, NATURAL RESOURCES, OIL RESERVES, OPPORTUNITY FOR WOMEN, PORTFOLIO, PRIVATE BANKS, PRIVATE ENTERPRISE, PRIVATE FIRMS, PRIVATE PROVISION, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PROCUREMENT, PRODUCTIVE ACTIVITIES, PROPERTY AS COLLATERAL, PROPERTY RIGHTS, PUBLIC ASSETS, PUBLIC INVESTMENT, REAL ESTATE, REAL PROPERTY, REGULATORY BODY, REGULATORY FRAMEWORK, REGULATORY REFORMS, REGULATORY REGIMES, RETAIL INVESTORS, SKILLED LABOR, STATE BANKS, STOCK EXCHANGE, TAX, TELECOMMUNICATIONS, TOTAL EMPLOYMENT, TRAINING PROGRAMS, TRANSPARENCY, UNEMPLOYMENT, UNEMPLOYMENT RATES, WORKER, WORKERS, WORKING CAPITAL, YOUTH UNEMPLOYMENT,
Online Access:	http://documents.worldbank.org/curated/en/2012/10/16988380/private-sector-development-iraq-investment-climate-reform-agenda https://hdl.handle.net/10986/20577
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