Funded with $12 million from the U.S. Ambassador’s Targeted Development Program, and aimed at those who are 18-35 years old, the initiative offers young Iraqi entrepreneurs business skills, entrepreneurial opportunities and the chance to qualify for loans to start their own businesses.
Given high unemployment among young Iraqis, there is a clear need for a program dedicated to helping those seeking their first job or assistance starting a business of their own.
In order to become eligible for these loans, individuals undergo a rigorous selection process that includes five days of general business training, three days of private consultation, and analysis of the business plan by a Business Review Panel. The program is offered at fifteen Small Business Development Centers and Non-Governmental Organizations (NGOs) in fourteen provinces supported by USAID-Tijara.
The Iraqi Youth Initiative reflects U.S.-Iraqi cooperation under the auspices of the Strategic Framework Agreement to support private sector development and economic growth in Iraq. In accordance with the initiative’s motto – “Build a Brighter Future” – the Embassy’s assistance program is dedicated to creating sustainable employment opportunities crucial to building a more peaceful and prosperous Iraq.
(Source: US Embassy)
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