Tag Archives | Enterprise Development Fund (EDF)

IOM, Germany supporting SMEs in Iraq

By John Lee. The International Organization for Migration (IOM) and the Government of Germany, through the KfW Development Bank, have launched the sixth phase of their ongoing partnership, aiming to create 1,100 new jobs in small and medium-sized enterprises (SMEs) in Iraq, via its Enterprise Development Fund (EDF) component. The program provides financial capital to […]

Over 11K New Jobs created in Iraq with IOM Support

The International Organization for Migration (IOM) has provided financing to 2,424 small and medium enterprises (SMEs) across Iraq through its Enterprise Development Fund (EDF) since its initial launch in 2018, helping to create 11,217 new jobs and improve 12,980 already existing jobs for host, returnee and internally displaced communities alike. EDF is an innovative programme designed to […]

1,000 SMEs Financed by IOM's Enterprise Development Fund

Sustainable Living in Iraq: A Milestone 1,000 SMEs Financed Through IOM's Enterprise Development Fund At the conclusion of Iraq's devastating conflict with the Islamic State in Iraq and the Levant (ISIL), small and medium enterprises (SMEs) found themselves without access to the finance necessary to rebuild in the wake of the war's large-scale destruction. In […]

Supporting Small Businesses in Baghdad, Ninewa and Kirkuk

IOM, KOICA Partner to Support Local Economic Recovery in Baghdad, Ninewa and Kirkuk Decades of conflict in Iraq coupled with the COVID-19 outbreak have severely affected human capital, intensified poverty, and undermined individuals' ability to find decent and sustainable jobs. The consequences of conflicts are especially severe for vulnerable returnees, internally displaced persons (IDPs) and […]

Impact of COVID-19 on SMEs in Iraq

Small and Medium Enterprises (SMEs) have been heavily affected by the COVID-19 pandemic, due to the closures and reduced working hours recommended to curb the spread of the virus. To better understand the impact of COVID-19 on SMEs, IOM Iraq conducted a survey with 456 enterprises active in different sectors in urban areas of Iraq […]

New Report from IOM: Made in Iraq

By John Lee. Among many other priorities in the recovery of post-conflict Iraq, access to employment for the population in conflict-affected regions remains paramount. The ability of the population to earn a living wage impacts the recovery process and has a direct bearing on future stability. The International Organization for Migration (IOM) created the Enterprise […]

Restarting Businesses in Fallujah, Kirkuk and Mosul

IOM Iraq’s Enterprise Development Fund (EDF) encourages rapid, large-scale private sector job creation and economic recovery through tailored support to Small and Medium Enterprises (SMEs). The EDF is a financing mechanism that provides SMEs with financial capital to contribute to their recovery and/or expansion. To assess the capacity of the market to absorb medium-sized grants, […]