- Home
- »07. Economic and Sector Work (ESW) Studies
- »Core Diagnostic Reports
- »Country Financial Accountability Assessment
Report
Republic of Iraq : Financial Sector Review

Published
2011
Author(s)
Metadata
Abstract
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.Citation
“Nasr, Sahar. 2011. Republic of Iraq : Financial Sector Review. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/23965 License: CC BY 3.0 IGO.”
Collection(s)
This item appears in the following Collection(s)
Users also downloaded
-
-
-
Related items
Showing items related by title, author, creator and subject.
-
-
-
Follow World Bank Publications on Facebook, Twitter or Linked-In