International financing and its impact on sustainable development in Iraq during the period (2000-2021)
Ahmed Muhammad Jassim Al-Akidi
This research aims to study and analyze the reality of international financing sources, including foreign direct investment, foreign aid, and international loans, and their impact on sustainable development by measuring and analyzing selected indicators. Additionally, it examines the state of the Iraqi economy during the study period. The research seeks to determine the extent to which international financing sources affect sustainable development by analyzing changes in its indicators in response to variations in financing sources. This is achieved by comparing the state of international financing with the development of certain sustainable development indicators over the study period. The study concluded with several findings, the most significant of which is the existence of a reciprocal equilibrium relationship between the independent variables, namely foreign direct investment, external loans, and international aid and the dependent variables, which include GDP, the number of unemployed individuals, total cultivated land area, and the number of employees in research and development. This confirms the validity of the research hypothesis. The study recommends that the Iraqi government should seriously work to utilize available international financing resources to achieve the primary objectives of sustainable development. This involves supporting foreign direct investment programs, creating an attractive environment for such investments, eradicating financial and administrative corruption, and eliminating bureaucratic obstacles. Furthermore, it emphasizes the need to reduce reliance on external loans and to use international aid to improve productive structures and diversify revenue sources.
Ahmed Muhammad Jassim Al-Akidi. International financing and its impact on sustainable development in Iraq during the period (2000-2021). Int J Res Finance Manage 2024;7(2):493-505. DOI: 10.33545/26175754.2024.v7.i2e.400