Iraq : Diversified Development in a Resource-Rich Fragile State

More than 10 years after the overthrow of Saddam, the impatience of the Iraqi people and government for transformation of their economy to advance shared prosperity is growing. The government has expressed the desire for the World Bank Group to enh...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	ADVISORY SERVICES TERRORISM PHYSICAL CAPITAL DEFICIT CAPITAL MARKETS EQUIPMENT ACCOUNTING ACCOUNTABILITY STRUCTURES PEOPLE INTERNATIONAL CAPITAL PUBLIC-PRIVATE PARTNERSHIPS FINANCIAL MANAGEMENT FINANCING FOREIGN INVESTORS INTEREST INSTITUTIONAL INVESTORS GUARANTEES GOVERNMENT SPENDING OPTION LONG-TERM CAPITAL DEBT MANAGEMENT LIQUIDITY BANK ACCOUNT DOMESTIC CAPITAL MARKETS POLITICAL ECONOMY MULTINATIONAL INTERNATIONAL CAPITAL MARKETS REVENUES MORTGAGE WELFARE BONDS BOND FINANCING DEBT OVERHANG CORRUPTION PAYMENTS BUDGETING MARKET ACCESS LEVEL PLAYING FIELD GOVERNMENT GUARANTEES INSTRUMENTS STATE BANKS ENABLING ENVIRONMENT BUDGET FUNDING SOURCES CENTRAL BANK FINANCIAL SECTOR REFORM MARKET DEEPENING SUKUK SOVEREIGN GUARANTEES OIL PRICES EXPLOITATION CURRENCY MARKET DEVELOPMENT SECURITIES MARKET TELECOMMUNICATIONS DOMESTIC CAPITAL DEBTS CONTRACTS BOND ISSUANCE TRADING OPTIONS AFFORDABLE ACCESS PAYMENT MARKETS DEBT CAPITAL MARKET PRIVATE INVESTMENT DEFICITS PUBLIC DEBT MANAGEMENT LOANS ENTERPRISES RESERVES ECONOMIC REFORM REAL ESTATE LEGAL FRAMEWORK BANK FINANCING FINANCE PUBLIC INVESTMENT BANKING SECTOR BANKS TRANSACTIONS EQUITY SECURITIES MARKETS INVESTORS BORROWING STRATEGY OPPORTUNITY COST CREDIT ENHANCEMENTS PRIVATE BANK CREDIT CONSTRAINTS GOOD FUNGIBLE CAPITAL TRANSPARENCY TRADE FINANCE FINANCIAL CRISIS FINANCIAL OBLIGATIONS INFRASTRUCTURE FINANCING LETTERS OF CREDIT BANK RETURNS CREDIT FOREIGN INVESTMENT COMMERCIAL TRANSACTIONS CASH INFLOWS INVESTMENT PROJECTS NATIONAL INVESTMENT INVESTMENT FINANCING ISSUANCE MARKET PRIVILEGED ACCESS POLITICAL UNCERTAINTY EQUITY INVESTMENT DIVERSIFICATION SECURITIES PUBLIC DEBT FINANCIAL LIABILITIES INFRASTRUCTURE INVESTMENTS INSURANCE ECONOMIC DEVELOPMENT INTERESTS PRODUCTIVE CAPITAL GOODS INVESTOR GOVERNMENT OWNERSHIP SECURITY INVESTMENT BOND COMMERCIAL BANKS SHARE INVESTMENT CLIMATE POVERTY INFRASTRUCTURE FINANCE FINANCIAL ASSETS PRIVATE INVESTORS REVENUE REINVESTMENT PROFIT BORROWING INVESTMENTS LENDING CHECK MATURITIES INSTRUMENT LIABILITIES BARRIERS TO INVESTMENT LIQUIDITY PROBLEMS CASH FLOW INVESTMENT HORIZON
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24487451/iraq-diversified-development-resource-rich-fragile-state-world-bank-background-note http://hdl.handle.net/10986/22099

id	okr-10986-22099
recordtype	oai_dc
spelling	okr-10986-220992021-04-23T14:04:06Z Iraq : Diversified Development in a Resource-Rich Fragile State World Bank ADVISORY SERVICES TERRORISM PHYSICAL CAPITAL DEFICIT CAPITAL MARKETS EQUIPMENT ACCOUNTING ACCOUNTABILITY STRUCTURES PEOPLE INTERNATIONAL CAPITAL PUBLIC-PRIVATE PARTNERSHIPS FINANCIAL MANAGEMENT FINANCING FOREIGN INVESTORS INTEREST INSTITUTIONAL INVESTORS GUARANTEES GOVERNMENT SPENDING OPTION LONG-TERM CAPITAL DEBT MANAGEMENT LIQUIDITY BANK ACCOUNT DOMESTIC CAPITAL MARKETS POLITICAL ECONOMY MULTINATIONAL INTERNATIONAL CAPITAL MARKETS REVENUES MORTGAGE WELFARE BONDS BOND FINANCING DEBT OVERHANG CORRUPTION PAYMENTS BUDGETING MARKET ACCESS LEVEL PLAYING FIELD GOVERNMENT GUARANTEES INSTRUMENTS STATE BANKS ENABLING ENVIRONMENT BUDGET FUNDING SOURCES CENTRAL BANK FINANCIAL SECTOR REFORM MARKET DEEPENING SUKUK SOVEREIGN GUARANTEES OIL PRICES EXPLOITATION CURRENCY MARKET DEVELOPMENT SECURITIES MARKET TELECOMMUNICATIONS DOMESTIC CAPITAL DEBTS CONTRACTS BOND ISSUANCE TRADING OPTIONS AFFORDABLE ACCESS PAYMENT MARKETS DEBT CAPITAL MARKET PRIVATE INVESTMENT DEFICITS PUBLIC DEBT MANAGEMENT LOANS ENTERPRISES RESERVES ECONOMIC REFORM REAL ESTATE LEGAL FRAMEWORK BANK FINANCING FINANCE PUBLIC INVESTMENT BANKING SECTOR BANKS TRANSACTIONS EQUITY SECURITIES MARKETS INVESTORS BORROWING STRATEGY OPPORTUNITY COST CREDIT ENHANCEMENTS PRIVATE BANK CREDIT CONSTRAINTS GOOD FUNGIBLE CAPITAL TRANSPARENCY TRADE FINANCE FINANCIAL CRISIS FINANCIAL OBLIGATIONS INFRASTRUCTURE FINANCING LETTERS OF CREDIT BANK RETURNS CREDIT FOREIGN INVESTMENT COMMERCIAL TRANSACTIONS CASH INFLOWS INVESTMENT PROJECTS NATIONAL INVESTMENT INVESTMENT FINANCING ISSUANCE MARKET PRIVILEGED ACCESS POLITICAL UNCERTAINTY EQUITY INVESTMENT DIVERSIFICATION SECURITIES PUBLIC DEBT FINANCIAL LIABILITIES INFRASTRUCTURE INVESTMENTS INSURANCE ECONOMIC DEVELOPMENT INTERESTS PRODUCTIVE CAPITAL GOODS INVESTOR GOVERNMENT OWNERSHIP SECURITY INVESTMENT BOND COMMERCIAL BANKS SHARE INVESTMENT CLIMATE POVERTY INFRASTRUCTURE FINANCE FINANCIAL ASSETS PRIVATE INVESTORS REVENUE REINVESTMENT PROFIT BORROWING INVESTMENTS LENDING CHECK MATURITIES INSTRUMENT LIABILITIES BARRIERS TO INVESTMENT LIQUIDITY PROBLEMS CASH FLOW INVESTMENT HORIZON More than 10 years after the overthrow of Saddam, the impatience of the Iraqi people and government for transformation of their economy to advance shared prosperity is growing. The government has expressed the desire for the World Bank Group to enhance its role in this transformation. This note proposes two pillars for the government to consider as central to the objective of diversification: enabling transformative investments and a comprehensive financing framework aligned with these investments. The obstacles to this approach are considerable, so a pre-requisite is high level government ownership and an implementing structure to match. A proposed institutional structure to embody this is outlined. 2015-06-30T21:44:56Z 2015-06-30T21:44:56Z 2015 Report http://documents.worldbank.org/curated/en/2015/06/24487451/iraq-diversified-development-resource-rich-fragile-state-world-bank-background-note http://hdl.handle.net/10986/22099 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum 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 en_US
topic	ADVISORY SERVICES TERRORISM PHYSICAL CAPITAL DEFICIT CAPITAL MARKETS EQUIPMENT ACCOUNTING ACCOUNTABILITY STRUCTURES PEOPLE INTERNATIONAL CAPITAL PUBLIC-PRIVATE PARTNERSHIPS FINANCIAL MANAGEMENT FINANCING FOREIGN INVESTORS INTEREST INSTITUTIONAL INVESTORS GUARANTEES GOVERNMENT SPENDING OPTION LONG-TERM CAPITAL DEBT MANAGEMENT LIQUIDITY BANK ACCOUNT DOMESTIC CAPITAL MARKETS POLITICAL ECONOMY MULTINATIONAL INTERNATIONAL CAPITAL MARKETS REVENUES MORTGAGE WELFARE BONDS BOND FINANCING DEBT OVERHANG CORRUPTION PAYMENTS BUDGETING MARKET ACCESS LEVEL PLAYING FIELD GOVERNMENT GUARANTEES INSTRUMENTS STATE BANKS ENABLING ENVIRONMENT BUDGET FUNDING SOURCES CENTRAL BANK FINANCIAL SECTOR REFORM MARKET DEEPENING SUKUK SOVEREIGN GUARANTEES OIL PRICES EXPLOITATION CURRENCY MARKET DEVELOPMENT SECURITIES MARKET TELECOMMUNICATIONS DOMESTIC CAPITAL DEBTS CONTRACTS BOND ISSUANCE TRADING OPTIONS AFFORDABLE ACCESS PAYMENT MARKETS DEBT CAPITAL MARKET PRIVATE INVESTMENT DEFICITS PUBLIC DEBT MANAGEMENT LOANS ENTERPRISES RESERVES ECONOMIC REFORM REAL ESTATE LEGAL FRAMEWORK BANK FINANCING FINANCE PUBLIC INVESTMENT BANKING SECTOR BANKS TRANSACTIONS EQUITY SECURITIES MARKETS INVESTORS BORROWING STRATEGY OPPORTUNITY COST CREDIT ENHANCEMENTS PRIVATE BANK CREDIT CONSTRAINTS GOOD FUNGIBLE CAPITAL TRANSPARENCY TRADE FINANCE FINANCIAL CRISIS FINANCIAL OBLIGATIONS INFRASTRUCTURE FINANCING LETTERS OF CREDIT BANK RETURNS CREDIT FOREIGN INVESTMENT COMMERCIAL TRANSACTIONS CASH INFLOWS INVESTMENT PROJECTS NATIONAL INVESTMENT INVESTMENT FINANCING ISSUANCE MARKET PRIVILEGED ACCESS POLITICAL UNCERTAINTY EQUITY INVESTMENT DIVERSIFICATION SECURITIES PUBLIC DEBT FINANCIAL LIABILITIES INFRASTRUCTURE INVESTMENTS INSURANCE ECONOMIC DEVELOPMENT INTERESTS PRODUCTIVE CAPITAL GOODS INVESTOR GOVERNMENT OWNERSHIP SECURITY INVESTMENT BOND COMMERCIAL BANKS SHARE INVESTMENT CLIMATE POVERTY INFRASTRUCTURE FINANCE FINANCIAL ASSETS PRIVATE INVESTORS REVENUE REINVESTMENT PROFIT BORROWING INVESTMENTS LENDING CHECK MATURITIES INSTRUMENT LIABILITIES BARRIERS TO INVESTMENT LIQUIDITY PROBLEMS CASH FLOW INVESTMENT HORIZON
spellingShingle	ADVISORY SERVICES TERRORISM PHYSICAL CAPITAL DEFICIT CAPITAL MARKETS EQUIPMENT ACCOUNTING ACCOUNTABILITY STRUCTURES PEOPLE INTERNATIONAL CAPITAL PUBLIC-PRIVATE PARTNERSHIPS FINANCIAL MANAGEMENT FINANCING FOREIGN INVESTORS INTEREST INSTITUTIONAL INVESTORS GUARANTEES GOVERNMENT SPENDING OPTION LONG-TERM CAPITAL DEBT MANAGEMENT LIQUIDITY BANK ACCOUNT DOMESTIC CAPITAL MARKETS POLITICAL ECONOMY MULTINATIONAL INTERNATIONAL CAPITAL MARKETS REVENUES MORTGAGE WELFARE BONDS BOND FINANCING DEBT OVERHANG CORRUPTION PAYMENTS BUDGETING MARKET ACCESS LEVEL PLAYING FIELD GOVERNMENT GUARANTEES INSTRUMENTS STATE BANKS ENABLING ENVIRONMENT BUDGET FUNDING SOURCES CENTRAL BANK FINANCIAL SECTOR REFORM MARKET DEEPENING SUKUK SOVEREIGN GUARANTEES OIL PRICES EXPLOITATION CURRENCY MARKET DEVELOPMENT SECURITIES MARKET TELECOMMUNICATIONS DOMESTIC CAPITAL DEBTS CONTRACTS BOND ISSUANCE TRADING OPTIONS AFFORDABLE ACCESS PAYMENT MARKETS DEBT CAPITAL MARKET PRIVATE INVESTMENT DEFICITS PUBLIC DEBT MANAGEMENT LOANS ENTERPRISES RESERVES ECONOMIC REFORM REAL ESTATE LEGAL FRAMEWORK BANK FINANCING FINANCE PUBLIC INVESTMENT BANKING SECTOR BANKS TRANSACTIONS EQUITY SECURITIES MARKETS INVESTORS BORROWING STRATEGY OPPORTUNITY COST CREDIT ENHANCEMENTS PRIVATE BANK CREDIT CONSTRAINTS GOOD FUNGIBLE CAPITAL TRANSPARENCY TRADE FINANCE FINANCIAL CRISIS FINANCIAL OBLIGATIONS INFRASTRUCTURE FINANCING LETTERS OF CREDIT BANK RETURNS CREDIT FOREIGN INVESTMENT COMMERCIAL TRANSACTIONS CASH INFLOWS INVESTMENT PROJECTS NATIONAL INVESTMENT INVESTMENT FINANCING ISSUANCE MARKET PRIVILEGED ACCESS POLITICAL UNCERTAINTY EQUITY INVESTMENT DIVERSIFICATION SECURITIES PUBLIC DEBT FINANCIAL LIABILITIES INFRASTRUCTURE INVESTMENTS INSURANCE ECONOMIC DEVELOPMENT INTERESTS PRODUCTIVE CAPITAL GOODS INVESTOR GOVERNMENT OWNERSHIP SECURITY INVESTMENT BOND COMMERCIAL BANKS SHARE INVESTMENT CLIMATE POVERTY INFRASTRUCTURE FINANCE FINANCIAL ASSETS PRIVATE INVESTORS REVENUE REINVESTMENT PROFIT BORROWING INVESTMENTS LENDING CHECK MATURITIES INSTRUMENT LIABILITIES BARRIERS TO INVESTMENT LIQUIDITY PROBLEMS CASH FLOW INVESTMENT HORIZON World Bank Iraq : Diversified Development in a Resource-Rich Fragile State
geographic_facet	Middle East and North Africa Iraq
description	More than 10 years after the overthrow of Saddam, the impatience of the Iraqi people and government for transformation of their economy to advance shared prosperity is growing. The government has expressed the desire for the World Bank Group to enhance its role in this transformation. This note proposes two pillars for the government to consider as central to the objective of diversification: enabling transformative investments and a comprehensive financing framework aligned with these investments. The obstacles to this approach are considerable, so a pre-requisite is high level government ownership and an implementing structure to match. A proposed institutional structure to embody this is outlined.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Iraq : Diversified Development in a Resource-Rich Fragile State
title_short	Iraq : Diversified Development in a Resource-Rich Fragile State
title_full	Iraq : Diversified Development in a Resource-Rich Fragile State
title_fullStr	Iraq : Diversified Development in a Resource-Rich Fragile State
title_full_unstemmed	Iraq : Diversified Development in a Resource-Rich Fragile State
title_sort	iraq : diversified development in a resource-rich fragile state
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/06/24487451/iraq-diversified-development-resource-rich-fragile-state-world-bank-background-note http://hdl.handle.net/10986/22099
_version_	1764450036153843712

Iraq : Diversified Development in a Resource-Rich Fragile State

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