Publication:
The Legal and Regulatory Framework for Microfinance in Iraq

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dc.contributor.authorAbdel Aziz, Teymour
dc.contributor.authorAbbassi, Alaa
dc.contributor.authorChehade, Nadine
dc.contributor.authorLauer, Kate
dc.date.accessioned2016-01-27T21:47:17Z
dc.date.available2016-01-27T21:47:17Z
dc.date.issued2015-07
dc.description.abstractA 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/25751290/legal-regulatory-framework-microfinance-iraq
dc.identifier.doi10.1596/23686
dc.identifier.urihttps://hdl.handle.net/10986/23686
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectLOAN PROCESSING TIME
dc.subjectMONETARY POLICY
dc.subjectFINANCIAL SERVICES
dc.subjectECONOMIC GROWTH
dc.subjectDEPOSITS
dc.subjectPAYMENT SERVICE
dc.subjectMONEY LAUNDERING
dc.subjectFINANCING
dc.subjectPAYMENT OBLIGATIONS
dc.subjectMICRO-ENTERPRISES
dc.subjectINTEREST
dc.subjectTRADE CREDITS
dc.subjectMICRO-LENDING
dc.subjectGOVERNMENT FUNDING
dc.subjectPRIVATE CREDIT
dc.subjectINSURANCE SERVICES
dc.subjectFAIR LENDING
dc.subjectENTREPRENEURS
dc.subjectINEQUALITIES
dc.subjectREVENUES
dc.subjectFORMAL FINANCIAL SECTOR
dc.subjectMONEY TRANSFER
dc.subjectCAPITAL STRUCTURE
dc.subjectRISK OF LOSS
dc.subjectCAPITAL ADEQUACY
dc.subjectINFORMATION SHARING
dc.subjectCAPACITY BUILDING
dc.subjectLOAN
dc.subjectCREDITWORTHINESS
dc.subjectLOAN AMOUNT
dc.subjectREPAYMENT PERIOD
dc.subjectBORROWERS
dc.subjectPAYMENTS
dc.subjectLOAN CONTRACT
dc.subjectDEBT BURDEN
dc.subjectMFIS
dc.subjectFUNDING SOURCES
dc.subjectECONOMIC ACTIVITY
dc.subjectEQUITY REQUIREMENTS
dc.subjectLOAN DOCUMENTATION
dc.subjectINDEBTEDNESS
dc.subjectFINANCIAL INSTITUTION
dc.subjectCOMMERCIAL BANK
dc.subjectBANK ASSETS
dc.subjectCURRENT ACCOUNT
dc.subjectOPERATIONAL COSTS
dc.subjectFOREIGN CURRENCIES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectPAYMENT
dc.subjectDEBT
dc.subjectTRANSPARENT MARKET
dc.subjectENTERPRISES
dc.subjectBANK CREDIT
dc.subjectRESERVE REQUIREMENT
dc.subjectDONOR SUPPORT
dc.subjectLOAN TERMS
dc.subjectBANKS
dc.subjectLOAN DELINQUENCY
dc.subjectFORMAL FINANCIAL INSTITUTION
dc.subjectMOVABLE COLLATERAL
dc.subjectCAPITAL
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectOVERDRAFT
dc.subjectACCESS TO FINANCE
dc.subjectCONVENTIONAL BANK
dc.subjectBANK
dc.subjectMAXIMUM LOAN AMOUNT
dc.subjectFOREIGN INVESTMENT
dc.subjectHOUSEHOLD
dc.subjectCREDIT INFORMATION
dc.subjectFINANCIAL SERVICE PROVIDERS
dc.subjectLOAN PORTFOLIO
dc.subjectINFORMAL LENDER
dc.subjectFINANCE COMPANY
dc.subjectSECURITIES
dc.subjectMICROCREDIT
dc.subjectCREDIT RISK
dc.subjectPROFITABILITY
dc.subjectCONVENTIONAL FINANCIAL INSTITUTIONS
dc.subjectMICROFINANCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectLOAN RECOVERY
dc.subjectBANK LOAN
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectECONOMIES OF SCALE
dc.subjectSOURCES OF FUNDS
dc.subjectCOMMERCIAL BANKS
dc.subjectHOUSEHOLDS
dc.subjectLOAN SIZE
dc.subjectCAPITAL REQUIREMENT
dc.subjectEMPLOYEE
dc.subjectFINANCIAL REGULATOR
dc.subjectLOAN AMOUNTS
dc.subjectLOAN PROCESSING
dc.subjectTERMS OF LOAN
dc.subjectFEES
dc.subjectCOOPERATIVE
dc.subjectCREDIT LINES
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectCASH FLOW
dc.subjectCREDIT REGISTRY
dc.subjectINCOME -GENERATING PROJECT
dc.subjectEMPLOYEES
dc.subjectMFI
dc.subjectMICROFINANCE INSTITUTION
dc.subjectDEPOSIT
dc.subjectPEOPLE
dc.subjectINCOME- GENERATING PROJECT
dc.subjectINFORMATION SYSTEM
dc.subjectDEVELOPMENT CENTER
dc.subjectGUARANTEES
dc.subjectFINANCE COMPANIES
dc.subjectLOAN PROVISIONING
dc.subjectINTEREST RATE
dc.subjectSTOCK MARKET
dc.subjectBANKING SYSTEM
dc.subjectINCOME GROUP
dc.subjectFINANCIAL RESOURCES
dc.subjectSOURCES OF CREDIT
dc.subjectSOCIAL RESPONSIBILITY
dc.subjectGUARANTORS
dc.subjectWELFARE
dc.subjectINSURANCE POLICIES
dc.subjectINCOME TAX
dc.subjectSAVING
dc.subjectCURRENT ACCOUNTS
dc.subjectFOREIGN INVESTMENTS
dc.subjectLENDER
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectPUBLIC CREDIT
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectANTI-MONEY LAUNDERING
dc.subjectBUSINESS LOANS
dc.subjectCREDITS
dc.subjectSAVINGS
dc.subjectSOURCE OF CREDIT
dc.subjectACCESS TO FINANCING
dc.subjectCREDIT BUREAUS
dc.subjectPUBLIC FUNDS
dc.subjectUSURY
dc.subjectTAX EXEMPTIONS
dc.subjectFINANCIAL COSTS
dc.subjectCREDIT SCORES
dc.subjectINTEREST RATES
dc.subjectPRIVATE INVESTMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectLENDERS
dc.subjectPOSTAL SAVING
dc.subjectACCOUNTS RECEIVABLE
dc.subjectBANKERS
dc.subjectLOANS
dc.subjectFINANCIAL SYSTEM
dc.subjectINSURANCE POLICY
dc.subjectREAL ESTATE
dc.subjectFINANCE
dc.subjectFOREIGN CURRENCY
dc.subjectFREE LOANS
dc.subjectUNEMPLOYMENT
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectEQUITY
dc.subjectGRANT
dc.subjectINCOME-GENERATING PROJECTS
dc.subjectOPERATING COSTS
dc.subjectSMALL ENTERPRISES
dc.subjectCREDIT PROVIDERS
dc.subjectDONOR RESOURCES
dc.subjectFAMILY
dc.subjectCREDIT
dc.subjectFORMAL FINANCIAL SERVICES
dc.subjectLOAN PROGRAM
dc.subjectWORKING CAPITAL
dc.subjectDOCUMENTATION REQUIREMENTS
dc.subjectREPAYMENT
dc.subjectREPAYMENT RATES
dc.subjectENTERPRISE
dc.subjectPROPERTIES
dc.subjectCUSTOMER RELATIONSHIP
dc.subjectCREDIT REPORTING
dc.subjectLEGAL REQUIREMENT
dc.subjectBALANCE SHEET
dc.subjectFINANCIAL SERVICE
dc.subjectCREDIT BUREAU
dc.subjectCREDIT REPORT
dc.subjectCREDIT INFORMATION SYSTEM
dc.subjectACCESS TO CREDIT
dc.subjectLOW-INCOME CONSUMERS
dc.subjectMICRO- ENTERPRISES
dc.subjectINTERESTS
dc.subjectPROVIDERS OF CREDIT
dc.subjectSECURITY
dc.subjectBANK LOANS
dc.subjectCONVENTIONAL BANKS
dc.subjectINVESTMENT
dc.subjectLOAN PORTFOLIOS
dc.subjectBALANCE SHEETS
dc.subjectCOLLATERAL
dc.subjectBORROWINGS
dc.subjectREVENUE
dc.subjectCOMMERCIAL LENDING
dc.subjectBORROWING
dc.subjectINVESTMENTS
dc.subjectLOAN CONTRACTS
dc.subjectRISK MANAGEMENT
dc.subjectHOUSEHOLD WELFARE
dc.subjectUNFAIR COMPETITION
dc.subjectEXCHANGE RATE
dc.subjectWOMEN
dc.subjectOUTREACH
dc.subjectDONOR FUNDING
dc.subjectINFORMATION GAP
dc.subjectWHOLESALE FUNDING
dc.subjectMONEY TRANSFERS
dc.subjectSMALL BUSINESSES
dc.subjectGUARANTEE
dc.subjectCONSUMER PROTECTION
dc.subjectFEMALE BORROWERS
dc.subjectINEQUALITY
dc.titleThe Legal and Regulatory Framework for Microfinance in Iraqen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2016-01-07
okr.date.doiregistration2025-05-05T11:46:45.074829Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/07/25751290/legal-regulatory-framework-microfinance-iraq
okr.guid323101468191051957
okr.guid471591468187791178
okr.identifier.externaldocumentum090224b08403c9de_1_0
okr.identifier.internaldocumentum25751290
okr.identifier.report102555
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/T_MNA/2016/01/08/090224b08403c9de/1_0/Rendered/PDF/The0legal0and00microfinance0in0Iraq.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryIraq
okr.sectorFinance
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: State-owned enterprise restructuring and privatization
okr.themeFinancial and private sector development :: Micro, Small and Medium Enterprise support
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Microfinance
okr.unitTrade Compet - GP - IBRD (GTCDR)
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