2016 is a pivotal moment for Iraq’s strategic efforts to sustain economic progress and develop new financing opportunities. The country’s government is facing up to the long awaited structural and administrative reforms which, when implemented, will reveal the immense investment potential in an economy poised for expansion. Iraq’s economy is proving to be remarkably resilient, demonstrated by the increased focus on providing security and promoting transparency. The country is opening up for privatization and is offering new opportunities for foreign direct investment across the industries, particularly seeking international partners to modernize its financial services infrastructure. In addition, as the country is becoming less dependent on the oil revenues, it seeks to establish new partnerships to deal with a number of urgent fiscal and political issues and fund infrastructure projects to boost the oil and gas, electricity and transportation projects. In an effort to open the market, demonstrate its commitment to development and attract investors, Iraq is set issue USD 2 billion worth of international bonds in 2016 under the World Bank guarantees.
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