“Doing Business 2020 – Iraq” Report: A Critique

[SocalDinar]

“Doing Business 2020 – Iraq” Report: A Critique

 

 

 

25th November 2019 in Amer K Hirmis, Investment, Iraq Industry & Trade News, Politics

By Dr Amer K. Hirmis.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

World Bank’s ‘Doing Business 2020 – Iraq’ report: A Critique

The World Bank published ‘Doing Business 2020– Iraq’ report (henceforth WB2020), on September 24 2019, amid tumultuous political and economic events in Iraq.

WB2020 aims to “recommend reforms to improve performance in each of the indicator areas” (https://www.doingbusiness.org/content/dam/doingBusiness/country/i/iraq/IRQ.pdf).

It covers business regulation and reform in different cities (Baghdad in the case of Iraq) and regions within nations. Countries/regions/cities can compare their business regulations with the 190 economies ranked in the report.

The report encourages economies to compete towards more efficient regulation; it offers measurable benchmarks for reform; and serves as a resource for those interested in the business climate of each economy.

It is instructive to benchmark Iraq’s performance in creating a conducive (if competitive) environment to do business.

Please click here to download Dr Hirmis’ full report in pdf format.

Go to the above  link to see world Bank Report  PDF

[Laid Back]

Ranking of ‘ease to do business’ was 164 in 2012, and has gone up to 172 in 2019. The WB’s report 

 

‘Department for International Trade’ perceives Iraq as a “challenging market”
 

- Lack of transparency -  

- Financial and administrative corruption 

- Weak banking system.... according to the 2019 IMF report

- Lack of proper legal framework 

 

FDI Fund Development iraq when from $7.5 billion dollars

in 2015 to $4.8 billion in 2018

 

Thanks for the article SocalDinar.

 

 

 

[Donziman]

Doesn't get much worse than this. I'm surprised this report was allowed to come

to light of day. The only loans from the banks go to the politicians that have no

intention of paying it back. great system...

[kwg]

Evened you out with a greenie LB 👍