The Legal and Regulatory Framework for Microfinance in Iraq
A well-functioning and inclusive financial sector is critical for efficient resource allocation leading to increased productivity, greater investment, higher overall levels of economic growth, and lower inequality. This is particularly critical in...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/07/25751290/legal-regulatory-framework-microfinance-iraq http://hdl.handle.net/10986/23686 |
| Summary: | A well-functioning and inclusive
financial sector is critical for efficient resource
allocation leading to increased productivity, greater
investment, higher overall levels of economic growth, and
lower inequality. This is particularly critical in Iraq,
where years of political instability and violence have
impeded the development of a robust private sector.
Microfinance services in Iraq are still nascent and far from
meeting their full potential. This diagnostic report aims to
present the microfinance landscape in Iraq, its legal and
regulatory framework, and potential policy improvements to
enhance the operating environment. It aims to inform public
and private sector stakeholders on the regulations and laws
affecting the development and strategic direction of the
microfinance sector. The policy recommendations presented
are designed to address factors preventing greater growth
and outreach, with the goal of promoting inclusive financial
sector development in Iraq. |
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