Tag Archives | International Finance Corporation (IFC)

IFC, CBI to Strengthen Corporate Governance in Banking

IFC and Central Bank of Iraq to Strengthen Corporate Governance in the Banking Sector The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Iraq (CBI) are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking […]

Tags: , , , ,

$210m Project to Improve Baghdad Water

Iraq: 5 Million Residents in Baghdad to Benefit from Improved Water Supply and Wastewater Services A US$210 million World Bank project will improve the quality of drinking water supply and wastewater services to 5 million residents in Baghdad who suffer from water shortages and the outbreak of waterborne diseases due to inadequate infrastructure, rapid population […]

Tags: , , , , ,

IBBC holds Successful Autumn Conference in Dubai

Iraq Britain Business Council holds successful Autumn Conference in Dubai Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities. Alongside Baroness Nicholson, the UK Prime Minister’s Trade […]

Tags: , , , , , , , , , , , , , , , , , , , ,

IFC Launches First Institute of Directors in Iraq

The International Finance Corporation (IFC), a member of the World Bank Group, and its partners officially launched the first independent institute of directors in Iraq to promote principles of good corporate governance, boost transparency, and help attract more private investment. The Kurdistani Institute of Directors (KIoD) will be providing corporate governance services in Iraq and […]

Tags: , , , ,

NIC grants $90bn in Investment Licences since 2009

The Elaborated Economic Conference for Investment Projects in Iraq was held in Baghdad on 17th October, organized by the Supreme Committee of Provincial Coordination and the National Investment Commission (NIC), with the attendance of a number of Parliament members, Ministers, Governors, Heads of Provincial Councils, Heads of Provincial Investment Commissions in addition to representatives of […]

Tags: , , , , , ,

IFC Investments Help Support Iraq’s Economic Stability

The International Finance Corporation (IFC), a member of the World Bank Group, has invested a total of $410 million (including $125 million in mobilization) in Iraq to support the development of the nation’s private sector, with a special emphasis on improving access to vital infrastructure and supporting the manufacturing sector. In fiscal year 2016, IFC […]

Tags: , , ,

IFC Invests in Al Safi Danone Iraq

The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to $18 million in Saudi dairy company Al Safi Danone’s Iraq-based subsidiary, to expand its operations in order to improve domestic food security, boost Iraq’s non-oil sector, and reduce its reliance on imported dairy products. IFC’s long-term investment, which is […]

Tags: , , , , , , , , , , ,
Tags: , , , , , , , ,

IFC to Inject $800m into Iraqi Private Sector

The World Bank’s investment arm plans to pump about $800 million into Iraq’s energy and banking industries over the next three years to help boost development in the private sector, a senior official said on Wednesday. Reuters reports that Rashad Kaldany, vice president of the International Finance Corporation, said between $300 million and $500 million […]

Tags: ,