By John Lee. Delta Informatics, based in the Jordanian capital Amman, has won a contract with the International Labour Organization (ILO) for, "Procurement of MIS for The Iraqi Company for Bank Guarantees (ICBG)" Description (RFP/28/2025/JOG/HQ): "The International Labour Organization (ILO) is seeking a qualified technology solution providers to propose a comprehensive, scalable, and secure Management […]
By John Lee. The International Labour Organization (ILO) has launched the Credit Guarantee Fund to empower small and medium enterprises (SMEs) in Iraq. The scheme is a partnership with the Ministry of Labour and Social Affairs (MoLSA), with funding from the German Ministry for Economic Cooperation and Development (BMZ) through the German Development Bank (Kreditanstalt […]
By John Lee. Central Bank of Iraq (CBI), in cooperation with the International Labour Organization (ILO), the Iraqi Company for Bank Guarantees (ICBG), and several Iraqi banks, has provided significant financial and training support to displaced persons and host communities in Nineveh and Duhok governorates under the Afaaq programme. The initiative has since been replicated […]
By John Lee. Germany's Frankfurt School of Finance and Management has won a contract with the International Labour Organization (ILO) to, "enhance the operational efficiency and effectiveness of the Iraqi Company for Bank Guarantees (ICBG)." The contract value was not disclosed. According to information provided by the UN, the project has four primary objectives: Optimize […]
By John Lee. The Central Bank of Iraq (CBI) has announced its strategic focus on enhancing the capabilities of the Loan Guarantee Company [Iraqi Bank Guarantees Company (IBGC)] to support the banking sector and "bolster financial depth." Dr. Ammar Hamad Khalaf, Deputy Governor of the CBI, highlighted this priority during the 8th International Guarantee Conference […]
The Iraqi Company for Bank Guarantees (ICBG) is a privately-owned non-banking financial institution that guarantees repayment of up to 75% of loans, ranging from $5,000 up to $250,000, that private commercial banks extend to small and medium enterprises (SMEs) in Iraq. Early this year, the company reached a significant milestone when it surpassed $50 million […]
