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...

Full description

Bibliographic Details
Main Authors:	Abdel Aziz, Teymour, Abbassi, Alaa, Chehade, Nadine, Lauer, Kate
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	LOAN PROCESSING TIME MONETARY POLICY FINANCIAL SERVICES ECONOMIC GROWTH DEPOSITS PAYMENT SERVICE MONEY LAUNDERING FINANCING PAYMENT OBLIGATIONS MICRO-ENTERPRISES INTEREST TRADE CREDITS MICRO-LENDING GOVERNMENT FUNDING PRIVATE CREDIT INSURANCE SERVICES FAIR LENDING ENTREPRENEURS INEQUALITIES REVENUES FORMAL FINANCIAL SECTOR MONEY TRANSFER CAPITAL STRUCTURE RISK OF LOSS CAPITAL ADEQUACY INFORMATION SHARING CAPACITY BUILDING LOAN CREDITWORTHINESS LOAN AMOUNT REPAYMENT PERIOD BORROWERS PAYMENTS LOAN CONTRACT DEBT BURDEN MFIS FUNDING SOURCES ECONOMIC ACTIVITY EQUITY REQUIREMENTS LOAN DOCUMENTATION INDEBTEDNESS FINANCIAL INSTITUTION COMMERCIAL BANK BANK ASSETS CURRENT ACCOUNT OPERATIONAL COSTS FOREIGN CURRENCIES FINANCIAL INSTITUTIONS PAYMENT DEBT TRANSPARENT MARKET ENTERPRISES BANK CREDIT RESERVE REQUIREMENT DONOR SUPPORT LOAN TERMS BANKS LOAN DELINQUENCY FORMAL FINANCIAL INSTITUTION MOVABLE COLLATERAL CAPITAL GOVERNMENT INTERVENTIONS OVERDRAFT ACCESS TO FINANCE CONVENTIONAL BANK BANK MAXIMUM LOAN AMOUNT FOREIGN INVESTMENT HOUSEHOLD CREDIT INFORMATION FINANCIAL SERVICE PROVIDERS LOAN PORTFOLIO INFORMAL LENDER FINANCE COMPANY SECURITIES MICROCREDIT CREDIT RISK PROFITABILITY CONVENTIONAL FINANCIAL INSTITUTIONS MICROFINANCE ECONOMIC DEVELOPMENT LOAN RECOVERY BANK LOAN FINANCIAL SERVICES PROVIDERS ECONOMIES OF SCALE SOURCES OF FUNDS COMMERCIAL BANKS HOUSEHOLDS LOAN SIZE CAPITAL REQUIREMENT EMPLOYEE FINANCIAL REGULATOR LOAN AMOUNTS LOAN PROCESSING TERMS OF LOAN FEES COOPERATIVE CREDIT LINES FINANCIAL SECTOR DEVELOPMENT CASH FLOW CREDIT REGISTRY INCOME -GENERATING PROJECT EMPLOYEES MFI MICROFINANCE INSTITUTION DEPOSIT PEOPLE INCOME- GENERATING PROJECT INFORMATION SYSTEM DEVELOPMENT CENTER GUARANTEES FINANCE COMPANIES LOAN PROVISIONING INTEREST RATE STOCK MARKET BANKING SYSTEM INCOME GROUP FINANCIAL RESOURCES SOURCES OF CREDIT SOCIAL RESPONSIBILITY GUARANTORS WELFARE INSURANCE POLICIES INCOME TAX SAVING CURRENT ACCOUNTS FOREIGN INVESTMENTS LENDER MICROFINANCE INSTITUTIONS PUBLIC CREDIT ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BUSINESS LOANS CREDITS SAVINGS SOURCE OF CREDIT ACCESS TO FINANCING CREDIT BUREAUS PUBLIC FUNDS USURY TAX EXEMPTIONS FINANCIAL COSTS CREDIT SCORES INTEREST RATES PRIVATE INVESTMENT CAPITAL REQUIREMENTS LENDERS POSTAL SAVING ACCOUNTS RECEIVABLE BANKERS LOANS FINANCIAL SYSTEM INSURANCE POLICY REAL ESTATE FINANCE FOREIGN CURRENCY FREE LOANS UNEMPLOYMENT COLLATERAL REQUIREMENTS EQUITY GRANT INCOME-GENERATING PROJECTS OPERATING COSTS SMALL ENTERPRISES CREDIT PROVIDERS DONOR RESOURCES FAMILY CREDIT FORMAL FINANCIAL SERVICES LOAN PROGRAM WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT REPAYMENT RATES ENTERPRISE PROPERTIES CUSTOMER RELATIONSHIP CREDIT REPORTING LEGAL REQUIREMENT BALANCE SHEET FINANCIAL SERVICE CREDIT BUREAU CREDIT REPORT CREDIT INFORMATION SYSTEM ACCESS TO CREDIT LOW-INCOME CONSUMERS MICRO- ENTERPRISES INTERESTS PROVIDERS OF CREDIT SECURITY BANK LOANS CONVENTIONAL BANKS INVESTMENT LOAN PORTFOLIOS BALANCE SHEETS COLLATERAL BORROWINGS REVENUE COMMERCIAL LENDING BORROWING INVESTMENTS LOAN CONTRACTS RISK MANAGEMENT HOUSEHOLD WELFARE UNFAIR COMPETITION EXCHANGE RATE WOMEN OUTREACH DONOR FUNDING INFORMATION GAP WHOLESALE FUNDING MONEY TRANSFERS SMALL BUSINESSES GUARANTEE CONSUMER PROTECTION FEMALE BORROWERS INEQUALITY
Online Access:	http://documents.worldbank.org/curated/en/2015/07/25751290/legal-regulatory-framework-microfinance-iraq http://hdl.handle.net/10986/23686

id	okr-10986-23686
recordtype	oai_dc
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	LOAN PROCESSING TIME MONETARY POLICY FINANCIAL SERVICES ECONOMIC GROWTH DEPOSITS PAYMENT SERVICE MONEY LAUNDERING FINANCING PAYMENT OBLIGATIONS MICRO-ENTERPRISES INTEREST TRADE CREDITS MICRO-LENDING GOVERNMENT FUNDING PRIVATE CREDIT INSURANCE SERVICES FAIR LENDING ENTREPRENEURS INEQUALITIES REVENUES FORMAL FINANCIAL SECTOR MONEY TRANSFER CAPITAL STRUCTURE RISK OF LOSS CAPITAL ADEQUACY INFORMATION SHARING CAPACITY BUILDING LOAN CREDITWORTHINESS LOAN AMOUNT REPAYMENT PERIOD BORROWERS PAYMENTS LOAN CONTRACT DEBT BURDEN MFIS FUNDING SOURCES ECONOMIC ACTIVITY EQUITY REQUIREMENTS LOAN DOCUMENTATION INDEBTEDNESS FINANCIAL INSTITUTION COMMERCIAL BANK BANK ASSETS CURRENT ACCOUNT OPERATIONAL COSTS FOREIGN CURRENCIES FINANCIAL INSTITUTIONS PAYMENT DEBT TRANSPARENT MARKET ENTERPRISES BANK CREDIT RESERVE REQUIREMENT DONOR SUPPORT LOAN TERMS BANKS LOAN DELINQUENCY FORMAL FINANCIAL INSTITUTION MOVABLE COLLATERAL CAPITAL GOVERNMENT INTERVENTIONS OVERDRAFT ACCESS TO FINANCE CONVENTIONAL BANK BANK MAXIMUM LOAN AMOUNT FOREIGN INVESTMENT HOUSEHOLD CREDIT INFORMATION FINANCIAL SERVICE PROVIDERS LOAN PORTFOLIO INFORMAL LENDER FINANCE COMPANY SECURITIES MICROCREDIT CREDIT RISK PROFITABILITY CONVENTIONAL FINANCIAL INSTITUTIONS MICROFINANCE ECONOMIC DEVELOPMENT LOAN RECOVERY BANK LOAN FINANCIAL SERVICES PROVIDERS ECONOMIES OF SCALE SOURCES OF FUNDS COMMERCIAL BANKS HOUSEHOLDS LOAN SIZE CAPITAL REQUIREMENT EMPLOYEE FINANCIAL REGULATOR LOAN AMOUNTS LOAN PROCESSING TERMS OF LOAN FEES COOPERATIVE CREDIT LINES FINANCIAL SECTOR DEVELOPMENT CASH FLOW CREDIT REGISTRY INCOME -GENERATING PROJECT EMPLOYEES MFI MICROFINANCE INSTITUTION DEPOSIT PEOPLE INCOME- GENERATING PROJECT INFORMATION SYSTEM DEVELOPMENT CENTER GUARANTEES FINANCE COMPANIES LOAN PROVISIONING INTEREST RATE STOCK MARKET BANKING SYSTEM INCOME GROUP FINANCIAL RESOURCES SOURCES OF CREDIT SOCIAL RESPONSIBILITY GUARANTORS WELFARE INSURANCE POLICIES INCOME TAX SAVING CURRENT ACCOUNTS FOREIGN INVESTMENTS LENDER MICROFINANCE INSTITUTIONS PUBLIC CREDIT ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BUSINESS LOANS CREDITS SAVINGS SOURCE OF CREDIT ACCESS TO FINANCING CREDIT BUREAUS PUBLIC FUNDS USURY TAX EXEMPTIONS FINANCIAL COSTS CREDIT SCORES INTEREST RATES PRIVATE INVESTMENT CAPITAL REQUIREMENTS LENDERS POSTAL SAVING ACCOUNTS RECEIVABLE BANKERS LOANS FINANCIAL SYSTEM INSURANCE POLICY REAL ESTATE FINANCE FOREIGN CURRENCY FREE LOANS UNEMPLOYMENT COLLATERAL REQUIREMENTS EQUITY GRANT INCOME-GENERATING PROJECTS OPERATING COSTS SMALL ENTERPRISES CREDIT PROVIDERS DONOR RESOURCES FAMILY CREDIT FORMAL FINANCIAL SERVICES LOAN PROGRAM WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT REPAYMENT RATES ENTERPRISE PROPERTIES CUSTOMER RELATIONSHIP CREDIT REPORTING LEGAL REQUIREMENT BALANCE SHEET FINANCIAL SERVICE CREDIT BUREAU CREDIT REPORT CREDIT INFORMATION SYSTEM ACCESS TO CREDIT LOW-INCOME CONSUMERS MICRO- ENTERPRISES INTERESTS PROVIDERS OF CREDIT SECURITY BANK LOANS CONVENTIONAL BANKS INVESTMENT LOAN PORTFOLIOS BALANCE SHEETS COLLATERAL BORROWINGS REVENUE COMMERCIAL LENDING BORROWING INVESTMENTS LOAN CONTRACTS RISK MANAGEMENT HOUSEHOLD WELFARE UNFAIR COMPETITION EXCHANGE RATE WOMEN OUTREACH DONOR FUNDING INFORMATION GAP WHOLESALE FUNDING MONEY TRANSFERS SMALL BUSINESSES GUARANTEE CONSUMER PROTECTION FEMALE BORROWERS INEQUALITY
spellingShingle	LOAN PROCESSING TIME MONETARY POLICY FINANCIAL SERVICES ECONOMIC GROWTH DEPOSITS PAYMENT SERVICE MONEY LAUNDERING FINANCING PAYMENT OBLIGATIONS MICRO-ENTERPRISES INTEREST TRADE CREDITS MICRO-LENDING GOVERNMENT FUNDING PRIVATE CREDIT INSURANCE SERVICES FAIR LENDING ENTREPRENEURS INEQUALITIES REVENUES FORMAL FINANCIAL SECTOR MONEY TRANSFER CAPITAL STRUCTURE RISK OF LOSS CAPITAL ADEQUACY INFORMATION SHARING CAPACITY BUILDING LOAN CREDITWORTHINESS LOAN AMOUNT REPAYMENT PERIOD BORROWERS PAYMENTS LOAN CONTRACT DEBT BURDEN MFIS FUNDING SOURCES ECONOMIC ACTIVITY EQUITY REQUIREMENTS LOAN DOCUMENTATION INDEBTEDNESS FINANCIAL INSTITUTION COMMERCIAL BANK BANK ASSETS CURRENT ACCOUNT OPERATIONAL COSTS FOREIGN CURRENCIES FINANCIAL INSTITUTIONS PAYMENT DEBT TRANSPARENT MARKET ENTERPRISES BANK CREDIT RESERVE REQUIREMENT DONOR SUPPORT LOAN TERMS BANKS LOAN DELINQUENCY FORMAL FINANCIAL INSTITUTION MOVABLE COLLATERAL CAPITAL GOVERNMENT INTERVENTIONS OVERDRAFT ACCESS TO FINANCE CONVENTIONAL BANK BANK MAXIMUM LOAN AMOUNT FOREIGN INVESTMENT HOUSEHOLD CREDIT INFORMATION FINANCIAL SERVICE PROVIDERS LOAN PORTFOLIO INFORMAL LENDER FINANCE COMPANY SECURITIES MICROCREDIT CREDIT RISK PROFITABILITY CONVENTIONAL FINANCIAL INSTITUTIONS MICROFINANCE ECONOMIC DEVELOPMENT LOAN RECOVERY BANK LOAN FINANCIAL SERVICES PROVIDERS ECONOMIES OF SCALE SOURCES OF FUNDS COMMERCIAL BANKS HOUSEHOLDS LOAN SIZE CAPITAL REQUIREMENT EMPLOYEE FINANCIAL REGULATOR LOAN AMOUNTS LOAN PROCESSING TERMS OF LOAN FEES COOPERATIVE CREDIT LINES FINANCIAL SECTOR DEVELOPMENT CASH FLOW CREDIT REGISTRY INCOME -GENERATING PROJECT EMPLOYEES MFI MICROFINANCE INSTITUTION DEPOSIT PEOPLE INCOME- GENERATING PROJECT INFORMATION SYSTEM DEVELOPMENT CENTER GUARANTEES FINANCE COMPANIES LOAN PROVISIONING INTEREST RATE STOCK MARKET BANKING SYSTEM INCOME GROUP FINANCIAL RESOURCES SOURCES OF CREDIT SOCIAL RESPONSIBILITY GUARANTORS WELFARE INSURANCE POLICIES INCOME TAX SAVING CURRENT ACCOUNTS FOREIGN INVESTMENTS LENDER MICROFINANCE INSTITUTIONS PUBLIC CREDIT ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BUSINESS LOANS CREDITS SAVINGS SOURCE OF CREDIT ACCESS TO FINANCING CREDIT BUREAUS PUBLIC FUNDS USURY TAX EXEMPTIONS FINANCIAL COSTS CREDIT SCORES INTEREST RATES PRIVATE INVESTMENT CAPITAL REQUIREMENTS LENDERS POSTAL SAVING ACCOUNTS RECEIVABLE BANKERS LOANS FINANCIAL SYSTEM INSURANCE POLICY REAL ESTATE FINANCE FOREIGN CURRENCY FREE LOANS UNEMPLOYMENT COLLATERAL REQUIREMENTS EQUITY GRANT INCOME-GENERATING PROJECTS OPERATING COSTS SMALL ENTERPRISES CREDIT PROVIDERS DONOR RESOURCES FAMILY CREDIT FORMAL FINANCIAL SERVICES LOAN PROGRAM WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT REPAYMENT RATES ENTERPRISE PROPERTIES CUSTOMER RELATIONSHIP CREDIT REPORTING LEGAL REQUIREMENT BALANCE SHEET FINANCIAL SERVICE CREDIT BUREAU CREDIT REPORT CREDIT INFORMATION SYSTEM ACCESS TO CREDIT LOW-INCOME CONSUMERS MICRO- ENTERPRISES INTERESTS PROVIDERS OF CREDIT SECURITY BANK LOANS CONVENTIONAL BANKS INVESTMENT LOAN PORTFOLIOS BALANCE SHEETS COLLATERAL BORROWINGS REVENUE COMMERCIAL LENDING BORROWING INVESTMENTS LOAN CONTRACTS RISK MANAGEMENT HOUSEHOLD WELFARE UNFAIR COMPETITION EXCHANGE RATE WOMEN OUTREACH DONOR FUNDING INFORMATION GAP WHOLESALE FUNDING MONEY TRANSFERS SMALL BUSINESSES GUARANTEE CONSUMER PROTECTION FEMALE BORROWERS INEQUALITY Abdel Aziz, Teymour Abbassi, Alaa Chehade, Nadine Lauer, Kate The Legal and Regulatory Framework for Microfinance in Iraq
geographic_facet	Middle East and North Africa Iraq
description	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.
format	Working Paper
author	Abdel Aziz, Teymour Abbassi, Alaa Chehade, Nadine Lauer, Kate
author_facet	Abdel Aziz, Teymour Abbassi, Alaa Chehade, Nadine Lauer, Kate
author_sort	Abdel Aziz, Teymour
title	The Legal and Regulatory Framework for Microfinance in Iraq
title_short	The Legal and Regulatory Framework for Microfinance in Iraq
title_full	The Legal and Regulatory Framework for Microfinance in Iraq
title_fullStr	The Legal and Regulatory Framework for Microfinance in Iraq
title_full_unstemmed	The Legal and Regulatory Framework for Microfinance in Iraq
title_sort	legal and regulatory framework for microfinance in iraq
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2015/07/25751290/legal-regulatory-framework-microfinance-iraq http://hdl.handle.net/10986/23686
_version_	1764454505702752256
spelling	okr-10986-236862021-04-23T14:04:16Z The Legal and Regulatory Framework for Microfinance in Iraq Abdel Aziz, Teymour Abbassi, Alaa Chehade, Nadine Lauer, Kate LOAN PROCESSING TIME MONETARY POLICY FINANCIAL SERVICES ECONOMIC GROWTH DEPOSITS PAYMENT SERVICE MONEY LAUNDERING FINANCING PAYMENT OBLIGATIONS MICRO-ENTERPRISES INTEREST TRADE CREDITS MICRO-LENDING GOVERNMENT FUNDING PRIVATE CREDIT INSURANCE SERVICES FAIR LENDING ENTREPRENEURS INEQUALITIES REVENUES FORMAL FINANCIAL SECTOR MONEY TRANSFER CAPITAL STRUCTURE RISK OF LOSS CAPITAL ADEQUACY INFORMATION SHARING CAPACITY BUILDING LOAN CREDITWORTHINESS LOAN AMOUNT REPAYMENT PERIOD BORROWERS PAYMENTS LOAN CONTRACT DEBT BURDEN MFIS FUNDING SOURCES ECONOMIC ACTIVITY EQUITY REQUIREMENTS LOAN DOCUMENTATION INDEBTEDNESS FINANCIAL INSTITUTION COMMERCIAL BANK BANK ASSETS CURRENT ACCOUNT OPERATIONAL COSTS FOREIGN CURRENCIES FINANCIAL INSTITUTIONS PAYMENT DEBT TRANSPARENT MARKET ENTERPRISES BANK CREDIT RESERVE REQUIREMENT DONOR SUPPORT LOAN TERMS BANKS LOAN DELINQUENCY FORMAL FINANCIAL INSTITUTION MOVABLE COLLATERAL CAPITAL GOVERNMENT INTERVENTIONS OVERDRAFT ACCESS TO FINANCE CONVENTIONAL BANK BANK MAXIMUM LOAN AMOUNT FOREIGN INVESTMENT HOUSEHOLD CREDIT INFORMATION FINANCIAL SERVICE PROVIDERS LOAN PORTFOLIO INFORMAL LENDER FINANCE COMPANY SECURITIES MICROCREDIT CREDIT RISK PROFITABILITY CONVENTIONAL FINANCIAL INSTITUTIONS MICROFINANCE ECONOMIC DEVELOPMENT LOAN RECOVERY BANK LOAN FINANCIAL SERVICES PROVIDERS ECONOMIES OF SCALE SOURCES OF FUNDS COMMERCIAL BANKS HOUSEHOLDS LOAN SIZE CAPITAL REQUIREMENT EMPLOYEE FINANCIAL REGULATOR LOAN AMOUNTS LOAN PROCESSING TERMS OF LOAN FEES COOPERATIVE CREDIT LINES FINANCIAL SECTOR DEVELOPMENT CASH FLOW CREDIT REGISTRY INCOME -GENERATING PROJECT EMPLOYEES MFI MICROFINANCE INSTITUTION DEPOSIT PEOPLE INCOME- GENERATING PROJECT INFORMATION SYSTEM DEVELOPMENT CENTER GUARANTEES FINANCE COMPANIES LOAN PROVISIONING INTEREST RATE STOCK MARKET BANKING SYSTEM INCOME GROUP FINANCIAL RESOURCES SOURCES OF CREDIT SOCIAL RESPONSIBILITY GUARANTORS WELFARE INSURANCE POLICIES INCOME TAX SAVING CURRENT ACCOUNTS FOREIGN INVESTMENTS LENDER MICROFINANCE INSTITUTIONS PUBLIC CREDIT ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BUSINESS LOANS CREDITS SAVINGS SOURCE OF CREDIT ACCESS TO FINANCING CREDIT BUREAUS PUBLIC FUNDS USURY TAX EXEMPTIONS FINANCIAL COSTS CREDIT SCORES INTEREST RATES PRIVATE INVESTMENT CAPITAL REQUIREMENTS LENDERS POSTAL SAVING ACCOUNTS RECEIVABLE BANKERS LOANS FINANCIAL SYSTEM INSURANCE POLICY REAL ESTATE FINANCE FOREIGN CURRENCY FREE LOANS UNEMPLOYMENT COLLATERAL REQUIREMENTS EQUITY GRANT INCOME-GENERATING PROJECTS OPERATING COSTS SMALL ENTERPRISES CREDIT PROVIDERS DONOR RESOURCES FAMILY CREDIT FORMAL FINANCIAL SERVICES LOAN PROGRAM WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT REPAYMENT RATES ENTERPRISE PROPERTIES CUSTOMER RELATIONSHIP CREDIT REPORTING LEGAL REQUIREMENT BALANCE SHEET FINANCIAL SERVICE CREDIT BUREAU CREDIT REPORT CREDIT INFORMATION SYSTEM ACCESS TO CREDIT LOW-INCOME CONSUMERS MICRO- ENTERPRISES INTERESTS PROVIDERS OF CREDIT SECURITY BANK LOANS CONVENTIONAL BANKS INVESTMENT LOAN PORTFOLIOS BALANCE SHEETS COLLATERAL BORROWINGS REVENUE COMMERCIAL LENDING BORROWING INVESTMENTS LOAN CONTRACTS RISK MANAGEMENT HOUSEHOLD WELFARE UNFAIR COMPETITION EXCHANGE RATE WOMEN OUTREACH DONOR FUNDING INFORMATION GAP WHOLESALE FUNDING MONEY TRANSFERS SMALL BUSINESSES GUARANTEE CONSUMER PROTECTION FEMALE BORROWERS INEQUALITY 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. 2016-01-27T21:47:17Z 2016-01-27T21:47:17Z 2015-07 Working Paper http://documents.worldbank.org/curated/en/2015/07/25751290/legal-regulatory-framework-microfinance-iraq http://hdl.handle.net/10986/23686 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Middle East and North Africa Iraq

The Legal and Regulatory Framework for Microfinance in Iraq

Similar Items