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...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/11/15572393/supporting-private-sector-development-iraq http://hdl.handle.net/10986/10859 |
| id |
okr-10986-10859 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-108592021-04-23T14:02:52Z Supporting Private Sector Development in Iraq Rimmer, Stephen Al-Ani, Mohammed 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 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. 2012-08-13T13:22:02Z 2012-08-13T13:22:02Z 2011-11 http://documents.worldbank.org/curated/en/2011/11/15572393/supporting-private-sector-development-iraq http://hdl.handle.net/10986/10859 English MENA Knowledge and Learning Quick Notes Series; No. 48 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa Iraq |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 |
| spellingShingle |
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 Rimmer, Stephen Al-Ani, Mohammed Supporting Private Sector Development in Iraq |
| geographic_facet |
Middle East and North Africa Iraq |
| relation |
MENA Knowledge and Learning Quick Notes Series; No. 48 |
| description |
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. |
| format |
Publications & Research :: Brief |
| author |
Rimmer, Stephen Al-Ani, Mohammed |
| author_facet |
Rimmer, Stephen Al-Ani, Mohammed |
| author_sort |
Rimmer, Stephen |
| title |
Supporting Private Sector Development in Iraq |
| title_short |
Supporting Private Sector Development in Iraq |
| title_full |
Supporting Private Sector Development in Iraq |
| title_fullStr |
Supporting Private Sector Development in Iraq |
| title_full_unstemmed |
Supporting Private Sector Development in Iraq |
| title_sort |
supporting private sector development in iraq |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2011/11/15572393/supporting-private-sector-development-iraq http://hdl.handle.net/10986/10859 |
| _version_ |
1764414638993178624 |