Iraq Launches Loan Program for Industrial Projects

By John Lee.

Iraq's General Directorate for Industrial Development (GDID) has launched a new loan mechanism for small, medium, and micro enterprises (MSMEs).

The loans are made in conjunction with the Central Bank of Iraq (CBI), and can be worth up to 20 million Iraqi dinars ($15,000) per loan.

Dr. Ali Ibrahim Janaan, Director General of the Directorate, called on young people and graduates to go to the Directorate and register their industrial projects.

More here.

(Source: Ministry of Industry)

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