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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.

English

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Promoting Investment in Iraq and the MENA Region

Law and Policy

Iraq faces considerable economic, political and security challenges. Although security has improved since 2007, it remains problematic, and high perceived levels of corruption in the public and private sectors, closely interlinked with a “resource curse”, continue to impede government policies and deter investors. In order to overcome these serious obstacles to economic development and investment, the government of Iraq (GoI) has committed to anti-corruption and investment reforms – prerequisites for progress in all other areas.

English

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