Republic of Iraq : Financial Sector Review
This report was initiated at the request of the Iraqi government to get a better understanding of the overall financial sector in Iraq. The main objective of the report was to develop a comprehensive assessment of the financial sector. This report...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2011/01/15434080/iraq-financial-sector-review http://hdl.handle.net/10986/23965 |
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okr-10986-23965 |
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| 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 |
ABSENCE OF CREDIT ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ADVANCED ECONOMIES ALM ANTI-MONEY LAUNDERING ATM CARDS AUDITING BALANCE SHEET BALANCE SHEETS BANK ACCOUNT BANK ASSETS BANK CREDIT BANK CREDITS BANK FINANCING BANK GUARANTEES BANK LOAN BANKING INDUSTRY BANKING LAW BANKING LAWS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BOND MARKETS BORROWER BORROWING BROKER BUSINESS LENDING BUSINESS OPPORTUNITIES CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL INJECTION CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CAR LOANS CASH FLOW CENTRAL BANK CENTRAL BANKS CLEARING HOUSE COLLATERAL COLLATERAL REQUIREMENTS COLLECTIVE INVESTMENT COMMERCIAL BANK CONSOLIDATION CONTRACT ENFORCEMENT CORRUPTION CREDIT BUREAUS CREDIT CARD CREDIT CARD ISSUERS CREDIT CARDS CREDIT CRUNCH CREDIT EXTENSION CREDIT RATING CREDIT RATING AGENCIES CREDIT REGISTRY CREDIT REPORTING CREDIT RISK CREDIT RISKS CREDITORS CREDITS CURRENCY EXCHANGE DEBT DEBT SECURITIES DEPOSIT DEPOSIT ACCOUNTS DEPOSIT MOBILIZATION DEPOSITORS DEPOSITS DISCLOSURE REQUIREMENTS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENTREPRENEURS EQUALITY EQUALITY OF OPPORTUNITY EQUITY MARKETS EXCHANGE COMMISSION EXCHANGE RATE FACTORING FINANCIAL ASSETS FINANCIAL CHALLENGES FINANCIAL DEVELOPMENT FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LEVERAGE FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL RESPONSIBILITY FINANCIAL RESTRUCTURING FINANCIAL SECTOR REFORM FINANCIAL SECURITIES FINANCIAL SERVICES FINANCIAL STRENGTH FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING OF ENTERPRISES FIXED DEPOSITS FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DONORS FOREIGN EXCHANGE FUNDING SOURCE GOOD BANKS GOVERNMENT SECURITIES HOUSEHOLDS HOUSING HOUSING FINANCE HUMAN RESOURCES ID INFLATION INFLATION RATES INSTITUTIONAL CAPACITY INSURANCE INSURANCE SERVICES INTEREST INCOME INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL RESERVES INTERNATIONAL STANDARDS ISLAMIC BANK ISLAMIC BANKING ISLAMIC BANKS ISLAMIC FINANCIAL SERVICES KEY CHALLENGES LEGAL FRAMEWORK LEGISLATION LENDING DECISIONS LEVEL PLAYING FIELD LIABILITY LIABILITY MANAGEMENT LIQUIDITY RISKS LOAN LOAN AMOUNTS LOAN STRUCTURE LONG TERM ASSETS LONG TERM LIABILITIES MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET VALUE MICRO FINANCE MICRO FINANCE INSTITUTION MICRO FINANCE INSTITUTIONS MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROFINANCE MONETARY FUND MONETARY POLICY MONEY TRANSFER NET WORTH NEW COMPANY NPL OUTREACH OUTSTANDING LOANS PAYMENTS SERVICES PENSION PENSION FUND PENSION FUNDS PENSIONS POSTAL SAVING PRICE STABILITY PRIVATE BANKING PRIVATE BANKS PRIVATE COMMERCIAL BANKS PRIVATE CREDIT PRIVATE ENTERPRISE PRIVATIZATION PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PUBLIC CREDIT RATING AGENCIES REAL ESTATE REAL ESTATE LOANS REAL SECTOR RECAPITALIZATION RECEIPT REGISTRATION SYSTEM REGULATORY FRAMEWORK REORGANIZATION REPAYMENT RESERVE REQUIREMENTS RETAINED EARNINGS RETURN ON EQUITY RISK MANAGEMENT SAVINGS SECURITIES SECURITIES REGISTRATION SECURITIES REGULATION SOCIAL SERVICES SOURCES OF FINANCE STATE BANKS STATE INTERVENTION STATE OWNED BANKS STOCK EXCHANGE STOCK MARKET SUPERVISORY FRAMEWORK SYSTEMIC RISK TECHNICAL ASSISTANCE TECHNICAL SUPPORT TERRORISM TRADE FINANCING TRANSPORT TREASURY BILLS VENTURE CAPITAL WORKING CAPITAL |
| spellingShingle |
ABSENCE OF CREDIT ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ADVANCED ECONOMIES ALM ANTI-MONEY LAUNDERING ATM CARDS AUDITING BALANCE SHEET BALANCE SHEETS BANK ACCOUNT BANK ASSETS BANK CREDIT BANK CREDITS BANK FINANCING BANK GUARANTEES BANK LOAN BANKING INDUSTRY BANKING LAW BANKING LAWS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BOND MARKETS BORROWER BORROWING BROKER BUSINESS LENDING BUSINESS OPPORTUNITIES CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL INJECTION CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CAR LOANS CASH FLOW CENTRAL BANK CENTRAL BANKS CLEARING HOUSE COLLATERAL COLLATERAL REQUIREMENTS COLLECTIVE INVESTMENT COMMERCIAL BANK CONSOLIDATION CONTRACT ENFORCEMENT CORRUPTION CREDIT BUREAUS CREDIT CARD CREDIT CARD ISSUERS CREDIT CARDS CREDIT CRUNCH CREDIT EXTENSION CREDIT RATING CREDIT RATING AGENCIES CREDIT REGISTRY CREDIT REPORTING CREDIT RISK CREDIT RISKS CREDITORS CREDITS CURRENCY EXCHANGE DEBT DEBT SECURITIES DEPOSIT DEPOSIT ACCOUNTS DEPOSIT MOBILIZATION DEPOSITORS DEPOSITS DISCLOSURE REQUIREMENTS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENTREPRENEURS EQUALITY EQUALITY OF OPPORTUNITY EQUITY MARKETS EXCHANGE COMMISSION EXCHANGE RATE FACTORING FINANCIAL ASSETS FINANCIAL CHALLENGES FINANCIAL DEVELOPMENT FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LEVERAGE FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL RESPONSIBILITY FINANCIAL RESTRUCTURING FINANCIAL SECTOR REFORM FINANCIAL SECURITIES FINANCIAL SERVICES FINANCIAL STRENGTH FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING OF ENTERPRISES FIXED DEPOSITS FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DONORS FOREIGN EXCHANGE FUNDING SOURCE GOOD BANKS GOVERNMENT SECURITIES HOUSEHOLDS HOUSING HOUSING FINANCE HUMAN RESOURCES ID INFLATION INFLATION RATES INSTITUTIONAL CAPACITY INSURANCE INSURANCE SERVICES INTEREST INCOME INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL RESERVES INTERNATIONAL STANDARDS ISLAMIC BANK ISLAMIC BANKING ISLAMIC BANKS ISLAMIC FINANCIAL SERVICES KEY CHALLENGES LEGAL FRAMEWORK LEGISLATION LENDING DECISIONS LEVEL PLAYING FIELD LIABILITY LIABILITY MANAGEMENT LIQUIDITY RISKS LOAN LOAN AMOUNTS LOAN STRUCTURE LONG TERM ASSETS LONG TERM LIABILITIES MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET VALUE MICRO FINANCE MICRO FINANCE INSTITUTION MICRO FINANCE INSTITUTIONS MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROFINANCE MONETARY FUND MONETARY POLICY MONEY TRANSFER NET WORTH NEW COMPANY NPL OUTREACH OUTSTANDING LOANS PAYMENTS SERVICES PENSION PENSION FUND PENSION FUNDS PENSIONS POSTAL SAVING PRICE STABILITY PRIVATE BANKING PRIVATE BANKS PRIVATE COMMERCIAL BANKS PRIVATE CREDIT PRIVATE ENTERPRISE PRIVATIZATION PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PUBLIC CREDIT RATING AGENCIES REAL ESTATE REAL ESTATE LOANS REAL SECTOR RECAPITALIZATION RECEIPT REGISTRATION SYSTEM REGULATORY FRAMEWORK REORGANIZATION REPAYMENT RESERVE REQUIREMENTS RETAINED EARNINGS RETURN ON EQUITY RISK MANAGEMENT SAVINGS SECURITIES SECURITIES REGISTRATION SECURITIES REGULATION SOCIAL SERVICES SOURCES OF FINANCE STATE BANKS STATE INTERVENTION STATE OWNED BANKS STOCK EXCHANGE STOCK MARKET SUPERVISORY FRAMEWORK SYSTEMIC RISK TECHNICAL ASSISTANCE TECHNICAL SUPPORT TERRORISM TRADE FINANCING TRANSPORT TREASURY BILLS VENTURE CAPITAL WORKING CAPITAL Nasr, Sahar Republic of Iraq : Financial Sector Review |
| geographic_facet |
Middle East and North Africa Iraq |
| description |
This report was initiated at the request
of the Iraqi government to get a better understanding of the
overall financial sector in Iraq. The main objective of the
report was to develop a comprehensive assessment of the
financial sector. This report takes a first look at the
overall financial system of Iraq with a forward looking
approach. Key findings of the report are: 1) Iraq's
financial sector is dominated by the banking system, with
most assets held by state-owned banks; 2) many private banks
are in the process of developing modern banking practices,
but still need further strengthening and consolidation; 3)
other financial markets are concentrated at the Iraqi stock
exchange but capitalization is low, and few instruments are
traded; 3) the insurance sector is small, dominated by
state- owned enterprises, and is not supervised; 4) weak
financial infrastructure is a clear impediment to access to
finance; and 5) Small Medium Enterprises (SME) and
microfinance is not well developed. |
| format |
Report |
| author |
Nasr, Sahar |
| author_facet |
Nasr, Sahar |
| author_sort |
Nasr, Sahar |
| title |
Republic of Iraq : Financial Sector Review |
| title_short |
Republic of Iraq : Financial Sector Review |
| title_full |
Republic of Iraq : Financial Sector Review |
| title_fullStr |
Republic of Iraq : Financial Sector Review |
| title_full_unstemmed |
Republic of Iraq : Financial Sector Review |
| title_sort |
republic of iraq : financial sector review |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2011/01/15434080/iraq-financial-sector-review http://hdl.handle.net/10986/23965 |
| _version_ |
1764455289101221888 |
| spelling |
okr-10986-239652021-04-23T14:04:18Z Republic of Iraq : Financial Sector Review Nasr, Sahar ABSENCE OF CREDIT ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ADVANCED ECONOMIES ALM ANTI-MONEY LAUNDERING ATM CARDS AUDITING BALANCE SHEET BALANCE SHEETS BANK ACCOUNT BANK ASSETS BANK CREDIT BANK CREDITS BANK FINANCING BANK GUARANTEES BANK LOAN BANKING INDUSTRY BANKING LAW BANKING LAWS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BOND MARKETS BORROWER BORROWING BROKER BUSINESS LENDING BUSINESS OPPORTUNITIES CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL INJECTION CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CAR LOANS CASH FLOW CENTRAL BANK CENTRAL BANKS CLEARING HOUSE COLLATERAL COLLATERAL REQUIREMENTS COLLECTIVE INVESTMENT COMMERCIAL BANK CONSOLIDATION CONTRACT ENFORCEMENT CORRUPTION CREDIT BUREAUS CREDIT CARD CREDIT CARD ISSUERS CREDIT CARDS CREDIT CRUNCH CREDIT EXTENSION CREDIT RATING CREDIT RATING AGENCIES CREDIT REGISTRY CREDIT REPORTING CREDIT RISK CREDIT RISKS CREDITORS CREDITS CURRENCY EXCHANGE DEBT DEBT SECURITIES DEPOSIT DEPOSIT ACCOUNTS DEPOSIT MOBILIZATION DEPOSITORS DEPOSITS DISCLOSURE REQUIREMENTS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENTREPRENEURS EQUALITY EQUALITY OF OPPORTUNITY EQUITY MARKETS EXCHANGE COMMISSION EXCHANGE RATE FACTORING FINANCIAL ASSETS FINANCIAL CHALLENGES FINANCIAL DEVELOPMENT FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LEVERAGE FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL RESPONSIBILITY FINANCIAL RESTRUCTURING FINANCIAL SECTOR REFORM FINANCIAL SECURITIES FINANCIAL SERVICES FINANCIAL STRENGTH FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING OF ENTERPRISES FIXED DEPOSITS FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DONORS FOREIGN EXCHANGE FUNDING SOURCE GOOD BANKS GOVERNMENT SECURITIES HOUSEHOLDS HOUSING HOUSING FINANCE HUMAN RESOURCES ID INFLATION INFLATION RATES INSTITUTIONAL CAPACITY INSURANCE INSURANCE SERVICES INTEREST INCOME INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL RESERVES INTERNATIONAL STANDARDS ISLAMIC BANK ISLAMIC BANKING ISLAMIC BANKS ISLAMIC FINANCIAL SERVICES KEY CHALLENGES LEGAL FRAMEWORK LEGISLATION LENDING DECISIONS LEVEL PLAYING FIELD LIABILITY LIABILITY MANAGEMENT LIQUIDITY RISKS LOAN LOAN AMOUNTS LOAN STRUCTURE LONG TERM ASSETS LONG TERM LIABILITIES MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET VALUE MICRO FINANCE MICRO FINANCE INSTITUTION MICRO FINANCE INSTITUTIONS MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROFINANCE MONETARY FUND MONETARY POLICY MONEY TRANSFER NET WORTH NEW COMPANY NPL OUTREACH OUTSTANDING LOANS PAYMENTS SERVICES PENSION PENSION FUND PENSION FUNDS PENSIONS POSTAL SAVING PRICE STABILITY PRIVATE BANKING PRIVATE BANKS PRIVATE COMMERCIAL BANKS PRIVATE CREDIT PRIVATE ENTERPRISE PRIVATIZATION PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PUBLIC CREDIT RATING AGENCIES REAL ESTATE REAL ESTATE LOANS REAL SECTOR RECAPITALIZATION RECEIPT REGISTRATION SYSTEM REGULATORY FRAMEWORK REORGANIZATION REPAYMENT RESERVE REQUIREMENTS RETAINED EARNINGS RETURN ON EQUITY RISK MANAGEMENT SAVINGS SECURITIES SECURITIES REGISTRATION SECURITIES REGULATION SOCIAL SERVICES SOURCES OF FINANCE STATE BANKS STATE INTERVENTION STATE OWNED BANKS STOCK EXCHANGE STOCK MARKET SUPERVISORY FRAMEWORK SYSTEMIC RISK TECHNICAL ASSISTANCE TECHNICAL SUPPORT TERRORISM TRADE FINANCING TRANSPORT TREASURY BILLS VENTURE CAPITAL WORKING CAPITAL This report was initiated at the request of the Iraqi government to get a better understanding of the overall financial sector in Iraq. The main objective of the report was to develop a comprehensive assessment of the financial sector. This report takes a first look at the overall financial system of Iraq with a forward looking approach. Key findings of the report are: 1) Iraq's financial sector is dominated by the banking system, with most assets held by state-owned banks; 2) many private banks are in the process of developing modern banking practices, but still need further strengthening and consolidation; 3) other financial markets are concentrated at the Iraqi stock exchange but capitalization is low, and few instruments are traded; 3) the insurance sector is small, dominated by state- owned enterprises, and is not supervised; 4) weak financial infrastructure is a clear impediment to access to finance; and 5) Small Medium Enterprises (SME) and microfinance is not well developed. 2016-03-29T20:00:06Z 2016-03-29T20:00:06Z 2011 Report http://documents.worldbank.org/curated/en/2011/01/15434080/iraq-financial-sector-review http://hdl.handle.net/10986/23965 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Middle East and North Africa Iraq |