Iraq Economic Monitor - Reemerging Pressures: Iraq’s Recovery at Risk - Special Focus on Financial Intermediation in Iraq - Spring/Summer 2023

Jul 19, 2026

Iraq Economic Monitor 2023 examines the rebound dynamics shaping Iraq’s recovery and evaluates renewed vulnerabilities that could undermine sustained progress. The report reviews recent economic and policy developments across output and demand, oil and gas, public finance, monetary policy and prices, and the external sector. It then outlines outlook, risks, and opportunities, with a special focus on financial intermediation and transformational reforms required to build an effective financial system.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages52

Reading Time2 h 11 min

Executive Summary

Recent Economic and Policy Developments

Output and Demand

Oil and Gas Developments

Public Finance

Monetary Policy and Prices

External Sector

Outlook, Risks, and Opportunities

Outlook

Risks and Opportunities

Special Focus: Enhancing Financial Intermediation in Iraq - Transformational Reforms Needed to Develop an Effective and Efficient Financial System

IRAQ ECONOMIC MONITOR Reemerging Pressures: Iraq’s Recovery at Risk Public Disc losure Authorized Iraq Economic Monitor Reemerging Pressures: Iraq’s Recovery at Risk With a Special Focus on Financial Intermediation in Iraq Spring/Summer 2023 Middle East and North Africa Region © 2023 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 [Internet: www.worldbank.org](Internet: www.worldbank.org) This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org). Cover photos courtesy of: (top) [CL Shebley/www.shutterstock.com](CL Shebley/www.shutterstock.com), (left) [Bertrand Godfroid/www.shutterstock.com](Bertrand Godfroid/www.shutterstock.com),(center) [PalSand/www.shutterstock.com](PalSand/www.shutterstock.com),(bottom) [John Wreford/www.shutterstock.com](John Wreford/www.shutterstock.com). Cover and text design: The Word Express, Inc. TABLE OF CONTENTS Acronyms ............................................................. v Acknowledgments ....................................................... vii Executive Summary ...................................................... ix ملخّ ص تنفيذي ........................................................ xiii 1 . Recent Economic and Policy Developments .................................... 1 Output and Demand ............................................................................ 1 Oil and Gas Developments .................................................................... 4 Public Finance .................................................................................6 Monetary Policy and Prices ......................................................................8 External Sector ................................................................................ 14 2 . Outlook, Risks, and Opportunities .......................................... 17 Outlook ...................................................................................... 17 Risks and Opportunities ........................................................................ 17 Special Focus Enhancing Financial Intermediation in Iraq: Transformational Reforms Needed to Develop an Effective and Efficient Financial System ......................21 Selected Recent World Bank Publications on Iraq .................................. 33 List of Figures Figure 1 The Economy Strongly Rebounded

FAQs

What economic areas does the report analyze under recent developments?

It reviews output and demand, oil and gas developments, public finance, monetary policy and prices, and the external sector.

What is the report’s main theme regarding Iraq’s recovery?

It focuses on reemerging pressures and assesses how Iraq’s recovery could be at risk.

What does the special focus chapter cover?

It examines financial intermediation in Iraq and identifies transformational reforms needed to develop an effective and efficient financial system.

Jul 19, 2026

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