Iraq

More than 10 years after the overthrow of Saddam, the impatience of the Iraqi people and government for transformation of their economy to advance shared prosperity is growing. The government has expressed the desire for the World Bank Group to enhance its role in this transformation. This note proposes two pillars for the government to consider as central to the objective of diversification: enabling transformative investments and a comprehensive financing framework aligned with these investments. The obstacles to this approach are considerable, so a pre-requisite is high level government ownership and an implementing structure to match. A proposed institutional structure to embody this is outlined.

Bibliographic Details

Main Author:	World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	ADVISORY SERVICES, TERRORISM, PHYSICAL CAPITAL, DEFICIT, CAPITAL MARKETS, EQUIPMENT, ACCOUNTING, ACCOUNTABILITY STRUCTURES, PEOPLE, INTERNATIONAL CAPITAL, PUBLIC-PRIVATE PARTNERSHIPS, FINANCIAL MANAGEMENT, FINANCING, FOREIGN INVESTORS, INTEREST, INSTITUTIONAL INVESTORS, GUARANTEES, GOVERNMENT SPENDING, OPTION, LONG-TERM CAPITAL, DEBT MANAGEMENT, LIQUIDITY, BANK ACCOUNT, DOMESTIC CAPITAL MARKETS, POLITICAL ECONOMY, MULTINATIONAL, INTERNATIONAL CAPITAL MARKETS, REVENUES, MORTGAGE, WELFARE, BONDS, BOND FINANCING, DEBT OVERHANG, CORRUPTION, PAYMENTS, BUDGETING, MARKET ACCESS, LEVEL PLAYING FIELD, GOVERNMENT GUARANTEES, INSTRUMENTS, STATE BANKS, ENABLING ENVIRONMENT, BUDGET, FUNDING SOURCES, CENTRAL BANK, FINANCIAL SECTOR REFORM, MARKET DEEPENING, SUKUK, SOVEREIGN GUARANTEES, OIL PRICES, EXPLOITATION, CURRENCY, MARKET DEVELOPMENT, SECURITIES MARKET, TELECOMMUNICATIONS, DOMESTIC CAPITAL, DEBTS, CONTRACTS, BOND ISSUANCE, TRADING, OPTIONS, AFFORDABLE ACCESS, PAYMENT, MARKETS, DEBT, CAPITAL MARKET, PRIVATE INVESTMENT, DEFICITS, PUBLIC DEBT MANAGEMENT, LOANS, ENTERPRISES, RESERVES, ECONOMIC REFORM, REAL ESTATE, LEGAL FRAMEWORK, BANK FINANCING, FINANCE, PUBLIC INVESTMENT, BANKING SECTOR, BANKS, TRANSACTIONS, EQUITY, SECURITIES MARKETS, INVESTORS, BORROWING STRATEGY, OPPORTUNITY COST, CREDIT ENHANCEMENTS, PRIVATE BANK, CREDIT CONSTRAINTS, GOOD, FUNGIBLE, CAPITAL, TRANSPARENCY, TRADE FINANCE, FINANCIAL CRISIS, FINANCIAL OBLIGATIONS, INFRASTRUCTURE FINANCING, LETTERS OF CREDIT, BANK, RETURNS, CREDIT, FOREIGN INVESTMENT, COMMERCIAL TRANSACTIONS, CASH INFLOWS, INVESTMENT PROJECTS, NATIONAL INVESTMENT, INVESTMENT FINANCING, ISSUANCE, MARKET, PRIVILEGED ACCESS, POLITICAL UNCERTAINTY, EQUITY INVESTMENT, DIVERSIFICATION, SECURITIES, PUBLIC DEBT, FINANCIAL LIABILITIES, INFRASTRUCTURE INVESTMENTS, INSURANCE, ECONOMIC DEVELOPMENT, INTERESTS, PRODUCTIVE CAPITAL, GOODS, INVESTOR, GOVERNMENT OWNERSHIP, SECURITY, INVESTMENT, BOND, COMMERCIAL BANKS, SHARE, INVESTMENT CLIMATE, POVERTY, INFRASTRUCTURE FINANCE, FINANCIAL ASSETS, PRIVATE INVESTORS, REVENUE, REINVESTMENT, PROFIT, BORROWING, INVESTMENTS, LENDING, CHECK, MATURITIES, INSTRUMENT, LIABILITIES, BARRIERS TO INVESTMENT, LIQUIDITY PROBLEMS, CASH FLOW, INVESTMENT HORIZON,
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24487451/iraq-diversified-development-resource-rich-fragile-state-world-bank-background-note https://hdl.handle.net/10986/22099
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