Int'l Finance Corp meets with Iraq's National Investment Commission

By John Lee.

Iraq's National Investment Commission (NIC) held a meeting on Monday with a delegation from the International Finance Corporation (IFC), part of the World Bank Group, to discuss joint cooperation in:

• Technical advisory services,
• Project financing support,
• Business environment improvement, and
• Capacity-building through training and workshops.

NIC's Director General of Relations and Media, Haider Hamada, emphasized the Commission's commitment to enhancing Iraq's investment climate, promoting transparency, and attracting foreign capital through conferences and workshops.

Discussions also covered the IFC's role in developing workshops on clean energy projects and global sustainable energy trends.

The NIC reported $63 billion in foreign direct investment (FDI) and $27 billion in domestic investment in just 18 months, spanning multiple sectors and supporting sustainable development and job creation.

Attendees included Dr. Muna Sabah Al-Jabri, NIC's Energy and Environment Consultant, and the Director General of the Economic Department.

(Source: NIC)