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Private Sector Development in Iraq : An Investment Climate Reform Agenda

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
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World Bank, Washington, DC
Middle East and North Africa | Iraq
2014-11-19T20:57:13Z | 2014-11-19T20:57:13Z | 2012-10

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.

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