IRAQ: WHAT NEXT?

摘要

Iraq's banking sector is struggling to put its ever-increasing assets to work, a situation not helped by the fact that it is dominated by inefficient state-owned institutions. Can an influx of foreign banks - and the technology and expertise they bring - help transform the sector, or will development hinge on the state-owned banks' ability to reform? Economic growth in Iraq will accelerate to 12.6% this year, the fastest rate since at least 2006, according to forecasts from the World Bank.