Republic of Iraq : Financial Sector Review

Nasr, Sahar

World Bank, Washington, DC

关键词: ABSENCE OF CREDIT;    ACCESS TO CREDIT;    ACCESS TO FINANCE;    ACCOUNTABILITY;    ACCOUNTING;   

RP-ID  :  65350

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This report was initiated at the requestof the Iraqi government to get a better understanding of theoverall financial sector in Iraq. The main objective of thereport was to develop a comprehensive assessment of thefinancial sector. This report takes a first look at theoverall financial system of Iraq with a forward lookingapproach. Key findings of the report are: 1) Iraq'sfinancial sector is dominated by the banking system, withmost assets held by state-owned banks; 2) many private banksare in the process of developing modern banking practices,but still need further strengthening and consolidation; 3)other financial markets are concentrated at the Iraqi stockexchange but capitalization is low, and few instruments aretraded; 3) the insurance sector is small, dominated bystate- owned enterprises, and is not supervised; 4) weakfinancial infrastructure is a clear impediment to access tofinance; and 5) Small Medium Enterprises (SME) andmicrofinance is not well developed.