2024, Vol. 7, Issue 1

Given the importance of the issue of financial development and the positive or negative effects it has on the economies of countries, the research dealt with the study of creating a cumulative index to measure financial development in Iraq, based on the methods followed by international financial organizations (the International Monetary Fund and the World Bank) in measuring the four dimensions of financial development, which are depth. Financial development, financial access, financial efficiency, and financial stability of financial markets and institutions, which is considered one of the most recent and most important topics as it is an important indicator of the ability of the financial system to provide the necessary funds to deficit units in the event of demand for them. Accordingly, the research sought to develop an indicator of financial development for a period of time that lasts (13) A year extending from the year (2010-2022), by relying on the data provided by the official authorities to come up with an indicator that gives a picture of the situation of financial institutions and markets in Iraq in terms of their ability to provide financing.

The research came out with a set of conclusions, the most prominent of which was the weak role played by the Iraqi Stock Exchange in the financing process compared to its other financial institutions. The study concluded with a set of recommendations, the most prominent of which is seeking to develop the Iraqi Stock Exchange because of its distinctive role in the financing process similar to neighboring countries and working to spread The culture of saving in Iraqi society, which contributes to the process of capital accumulation.