Welcome to the World Bank’s Business Ready 2024 Report, also known as B-READY, shedding light on the business climate in various countries, including Iraq. This annual assessment evaluates key areas crucial for economic growth, showcasing Iraq’s journey towards enhancing its business sector amid challenges and opportunities.
The report assesses countries based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency, offering insights into the challenges Iraq faces in creating a conducive business environment. Despite progress in recent years, Iraq still grapples with regulatory complexities, inefficient public services, and operational bottlenecks hindering business activities.
Key insights from the report highlight Iraq’s regulatory landscape complexities, significant challenges in public service delivery, and slow operational processes. While positive developments include improved regulatory frameworks, better access to public services, and progressive labor market reforms, more efforts are needed to enhance operational efficiency and attract investments.
For investors and policymakers, the Business Ready 2024 Report serves as a compass, guiding reforms to make Iraq a more attractive destination for investment. Check out the official report for detailed insights on Iraq’s business climate progress and challenges.