Promotion of Small and Medium Sized Enterprises (SMEs) in Iraq

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. This takes place through credit guarantees offered to commercial banks which lend to SMEs. Capacity building within project national partners including ICBG and participating financial institutions is a first step followed by funds injection in ICBG. The overall objective is to contribute to Iraq’s private sector development through enhancing the productivity of SMEs and hence their potential for job creation.

Project symbol

IRQ/23/05/DEU

Admin unit

RO-Arab States/DWT-Beirut

Start date

01/01/2024

End date

31/12/2028

Total allocation

41586071

Total expenditure

Status

Active

8076735

Development Partners

Germany, KfW Development Bank

Country/Countries

Iraq

Outcomes

Outcome 4: Sustainable enterprises for inclusive growth and decent work