“Supporting Iraq’s diversification efforts through increased private sector participation will be critical to place the country on a sustained growth trajectory and create jobs,” said Mouayed Makhlouf, IFC’s Regional Director for the Middle East and North Africa region. “The IFC has a growing program of investment and advisory services in Iraq, and we see great potential for doing more business in the country, especially if the security situation continues to improve.” The IFC opened an office in Baghdad in September 2011 and is planning to increase its field presence over the coming four years.
Izumi Kobayashi, MIGA Executive Vice President recently visited Iraq to discuss how MIGA can help attract foreign technical partners and expertise to the manufacturing, banking, and services sectors. “MIGA has an important role to play in helping conflict-affected countries attract foreign direct investment,” said Kobayashi. “While Iraq faces many near-term challenges, the country offers considerable potential for investors seeking opportunities in frontier markets.”
(Source: World Bank)
Let these clowns revalue their currency and they will be a lender instead of a vagrant begger. Iraq never misses an opportunity to miss an opportunity to advance. It's like watching a group of village idiots doing Shakespeare.
You would think the would bank would not give a billion dollars to a country with the means to RV it's currency to have more wealth than the rest of the world combined.