The Promotion of the Development of Small and Medium Sized Enterprises (SMEs) Project in Iraq

The overall objective of this project is to contribute to Iraq’s private sector development through enhancing the productivity of SMEs and hence their potential for job creation. The project aims to provide sustainable access to financial services for already operating SMEs as well as for Start-ups in Iraq with a special focus on youth and women. To meet the project objectives, the project undertakes three main activities including: 1) the establishment of a credit guarantee fund within the Iraqi Company for banking Guarantees (“ICBG”); 2) the establishment of a SME window by selected private financial institutions PFIs through their own capital fund; 3) technical assistance to capacitate the PFIs, ICBG, as well as the SMEs.

Project symbol

IRQ/24/03/IOM

Admin unit

RO-Arab States/DWT-Beirut

Start date

01/08/2025

End date

30/04/2026

Total allocation

80000

Total expenditure

Status

Closed

79608

Development Partners

International Organization for Migration

Country/Countries

Iraq

Outcomes

Outcome 4: Sustainable enterprises for inclusive growth and decent work