World Bank - Iraq Economic Monitor, 2023

The Iraq Economic Monitor is a report that provides an update on key economic developments and policies over the previous six months in Iraq. It presents findings from recent World Bank work on Iraq, placing them in a longer-term and global context and assessing the implications of these developments and other changes in policy regarding the outlook for Iraq. Its coverage ranges from the macro-economy to business environment and private sector development. The report is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in Iraq. The report highlights that Iraq's economy is facing reemerging pressures, including a decline in oil prices, political instability, and the COVID-19 pandemic. These pressures have led to a decline in economic growth and an increase in poverty rates. The report recommends that Iraq should focus on diversifying its economy, improving its business environment, and investing in human capital to address these challenges. The report also discusses the role of financial intermediation in Iraq's economy and recommends that the government should take steps to strengthen the banking sector and promote financial inclusion. Additionally, the report provides an overview of recent policy developments in Iraq, including reforms to the public sector and efforts to improve the investment climate. Overall, the report provides valuable insights into the current state of Iraq's economy and the challenges it faces.