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Iraq's corruption continues unchecked

Corruption involving public contracts has become prevalent in Iraq since 2003 and is difficult to stop because government officials are benefitting from it.

Labourers work at a construction site in Karrad district in Baghdad April 3, 2013. Thanks to a partial improvement of security and an oil boom, Iraqis' average incomes are rising sharply, and they are able to save more. But many of these savings are not being channelled into the stock market, where they could earn returns, or even into bank deposits, where they could be lent on to companies for fresh investment. Instead, they are going into real estate. REUTERS/Mohammed Ameen (IRAQ - Tags: BUSINESS REAL EST
Laborers work at a construction site in Karrad district in Baghdad, April 3, 2013. — REUTERS/Mohammed Ameen

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