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    • Opinion
    • Iraq

    Opinion: Are Iraq's anti-corruption efforts getting real?

    Iraq is well on the way to its true economic and human potential being realized. Investors and development assistance donors — take note.

    By James Watt // 18 January 2024

    When investors look at the Middle East, most skip over Iraq without a second thought. But this is a mistake, given the stability and growth it is experiencing.

    Investors may assess that the pickings are richer elsewhere. Iraq’s turbulent recent history forms the backdrop to such reactions: Saddam Hussein; two wars; a punishing sanctions regime in between them; more sanctions in place lasting after the 2003 invasion; reparations; the chaos inflicted by the reckless U.S.-led coalition administration; and the devastation inflicted by the Islamic State group, also known by its Arabic acronym Daesh.  

    For outsiders trying to understand internal politics in the new democratic Iraq, the task is daunting. Meanwhile, the pervasiveness of Iranian meddling becomes visible — another negative.

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    Read more:

    ► Remember Afghanistan and Iraq? UNDP is trying to make sure you do

    ► Security is just the beginning for Iraqi entrepreneurs in ISIS' wake

    ► Corruption can derail the best of development intentions

    • Democracy, Human Rights & Governance
    • Trade & Policy
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    • Iraq
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    The views in this opinion piece do not necessarily reflect Devex's editorial views.

    About the author

    • James Watt

      James Watt

      James Watt is a former British ambassador in the Middle East and a political risk consultant with the Ambassador Partnership based in London. He has served in Egypt, Jordan, and Lebanon.

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