Private Sector Development – Page 3 – Iraqi Economists Network

Access to financial services for SMEs in Iraq

General introduction: A 2011 World Bank study on Iraq’s financial sector indicates that bank credit in Iraq amounts to only 10% of GDP and would need to rise by an additional $38 billion to catch up to the MENA average of 55%. In a Market Assessment in 2010, over 700 Iraqi MSMEs were interviewed on their major business constraints and opportunities. Results revealed that acce

Vision Statement “Developing a viable and thriving national private sector, that is regionally competitive and globally integrated, led by the business community, which contributes to economic diversification, sustainable development and job creation.” TABLE OF CONTENTS FOREWORD ....................................................................................................

The Iraqi government is trying to encourage investment inside the country. However, Iraqi businesspeople are seeking a safe haven - away from violence, heavy taxation and too much red tape – and they are increasingly seeing the eastern European country of Georgia as a good investment. At a recent meeting of Baghdad’s most successful businessmen, one of them - Madyan al-Kadhimi

The deputy Prime Minister for Energy Affairs, Hussain al-Shahristani, stated that the International Monetary Fund estimates indicate that Iraq will keep the rate of increase in economic growth over the next five years, while considered that the year 2014 will be a year of investment in the country. The major economic growth will take place for of course the oil reserves of the