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Supporting Investment Policy and Governance Reforms in Iraq

image of Supporting Investment Policy and Governance Reforms in Iraq

This publication reviews measures taken to support investment policy and governance reforms in Iraq.  It finds that Iraqi parliamentary elections, held without major security incidents in March 2010, are the latest in a series of indicators suggesting that the country may be achieving greater stability in governance and security - a key prerequisite for foreign and domestic investment, growth and job creation. Furthermore, the business environment is gradually improving as a result of an ongoing institutional capacity building process supported by the international community.

The MENA-OECD Initiative on Governance and Investment for Development is part of this effort, playing a key role in building the capacity of the National Investment Commission and its one-stop shop for investment licensing. The Initiative has helped raise awareness on corruption and bribery issues, provided training for the negotiators of international agreements, and advised on implementing regulations for the landmark Investment Law of 2006. This publication examines these issues, and MENA-OECD involvement in advancing them, for the period 2007-2008.

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Foreword and Acknowledgments

Iraq’s recent political development has seen remarkable progress: a new political system and constitution have given rise to competitive elections, crucial policy development in such areas as the regulatory framework for governance and investment, and the creation or strengthening of relevant government agencies. In this context, the MENA-OECD Initiative on Governance and Investment for Development, within the framework of the International Compact for Iraq (ICI), conducted a series of capacity development workshops and policy consultations with the Iraqi government in 2007-2008, addressing the substantive reform challenges presented in this publication.

English

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