Ways to reduce institutional corruption and improve the investment climate in Iraq For the period (2004 - 2020)

Abstract

The research sheds light on ways to reduce institutional corruption and improve the investment climate in Iraq, as the Iraqi economy is one-sided, dependent on oil exports to finance the state's general budget. The challenges facing the Iraqi economy, especially the US occupation of Iraq and looting after the fall of the previous regime, led to the spread of institutional corruption in various economic sectors . Accordingly, the investment climate in Iraq, despite the advantages and guarantees offered to foreign and local investors through Investment Law (13) for the year 2006, which encourages attracting investments to Iraq, the rampant corruption in state institutions prevents them from attracting investors, including bureaucracy , bribery , nepotism and nepotism , which leads to a long period of completion of investment transactions , as well as obstacles to the investment climate components , including security and political instability . Through the foregoing, the study concludes that the investor faces corruption costs and risks. Therefore, improving the investment climate by eliminating corruption and improving political, economic and security stability encourages investment in Iraq.