Iraq Works to Strengthen Anti-Bribery Laws and Regulations

Combating Corruption and Attracting Foreign Investment

In an effort to combat corruption and attract foreign investment, the United Nations Development Programme’s (UNDP) Anti-Corruption and Arbitration initiatives are supporting Iraq’s efforts to revise and reform anti-corruption laws. Funded by the European Union, the initiative has been providing specialized technical support to state institutions and working with them to improve transparency and accountability.

Significant Milestones Achieved

Midway through its five-year implementation, ACAI is achieving significant milestones that align directly with the Iraqi government’s agenda to combat corruption, diversify the economy, advance e-governance, and attract foreign investment. The initiative has been acting as a catalyst for improved capacity, legislation, and strategic framework for anti-corruption and commercial dispute resolution.

Key Objectives

• Build on Iraq’s efforts to address corruption in a sustainable manner • Create a conducive environment for private sector development • Improve policy, legislative and strategic framework for anti-corruption in Iraq • Contribute to a more transparent and accountable government • Attract foreign investment and promote economic growth

Initiative Goals

By improving the policy, legislative and strategic framework for anti-corruption in Iraq, the initiative hopes to contribute to a more transparent and accountable government that is better equipped to attract foreign investment and promote economic growth. The ultimate goal of the ACAI is to create a sustainable and effective anti-corruption system in Iraq, which will help to combat corruption and promote economic development.

Conclusion

The UNDP’s Anti-Corruption and Arbitration initiatives are playing a crucial role in supporting Iraq’s efforts to strengthen its anti-bribery laws and regulations. By achieving significant milestones and contributing to a more transparent and accountable government, the initiative is helping to create a conducive environment for private sector development and attract foreign investment.