Private Sector Development – Iraqi Economists Network

Foreign Investment: The Non-oil Revenue Source Iraq Needs to Ensure a Vibrant and Sustainable Economy . BY BASTA SIRWAN*

Foreign Investment: The Non-oil Revenue Source Iraq Needs to Ensure a Vibrant and Sustainable Economy . BY BASTA SIRWAN* Executive Summary: For Iraq, Foreign Direct Investment (FDI) could be the answer to fiscal improvements and increasing foreign currency reserve in the market. Global demand for oil export is expected to continue, thus exploiting high energy prices to m

Businesswomen say Iraq’s Kurdistan Regional Government needs to work harder to create the conditions for entrepreneurs. Taffan Hamakhan's cosmetics business 'ByTaff' employs women in an effort to reduce female unemployment [Courtesy of Taffan Hamakhan] Nearly five years ago, Huda Sarhang, 27, was sitting at one of the most iconic tea shops in Erbil, th

Six years passed since the Iraqi government launched its Private Sector Development Strategy 2014-2030, aiming to reform regulatory frames and market conditions towards private sector-led growth. Several international partners (including UNDP, World Bank, GIZ, and USAID) also attempted to help realize some goals of the strategy. Along with the strategy, Iraqi leaders have alway

At its core, regulation is about freedom to do business. Regulation aims to prevent worker mistreatment by greedy employers (regulation of labor), to ensure that roads and bridges do not collapse (regulation of public procurement), and to protect one’s investments (minority shareholder protections). All too often, however, regulation misses its goal, and one inefficiency replac

Introduction Companies have been playing a crucial role in developing the socio-economic system in Iraq, as they don’t only make life easier for so many people by offering all kinds of goods & services in-demand, but also serve as a catalyst to bring the economic satus in Iraq to a higher level by investing in HR & capital. Nowadays, we can see a countless num