Video On Demand

Achieving Growth in Contexts of Great Challenge: The Iraqi Private Banking Sector

October 18, 2017 • 10:00 – 11:30 am EDT
Edited video and audio will be available on this page shortly.
A functioning formal private sector is critical for the reconstruction and renewal of post-conflict states.  A formal banking sector is critical to a formal private sector and for achieving economic diversification. Banks are at the forefront of reconstruction initiatives in post-conflict Iraq—lending billions of dollars, making mortgages more accessible, and providing commercial credit. However, many challenges remain.

Iraqi private banks are a case study in sustaining economic growth in a post-conflict context—one that can offer insights and lessons. Bank deposits and available capital from private banks in Iraq have more than doubled in the last five years. Even in a post-conflict environment, Iraqi banks must respond to “Basel III,” a set of global financial regulations that make lending more difficult. The banking system is also responding to global changes in technology and the management and utilization of new forms of data. Official donors such as the United States, as well as multilateral donors such as the World Bank, support the formal private banking sector in post-conflict settings.
Image
Daniel F. Runde
Senior Vice President; William A. Schreyer Chair; Director, Project on Prosperity and Development

Introductory Remarks: Ali Tariq

Executive Director, Iraqi Private Banks League

Ambassador Dawn Liberi

Former U.S. Ambassador to the Republic of Burundi

Dennis Flannery

Managing Director and Iraq Country Head & Representative Citibank

Denise Natali

Director and Distinguished Research Fellow, Center for Strategic Research, Institute for National Strategic Studies (INSS)

John Sullivan

Director, Financial Integrity Network

Abdulhameed Al Saeed

Advisor, Iraqi Private Banks League

Mazin Sabah

Director General, Central Bank of Iraq