Tag Archives | USAID

US Embassy Helps Young Iraqi Entrepreneurs Create Businesses and Jobs

The U.S. Embassy’s Iraqi Youth Initiative, which forms part of the Tijara Provincial Economic Growth Program run by the United States Agency for International Development (USAID), will mark its two-year anniversary in April 2012. Since the start of the program, loans valued at $3,625,100 have enabled 1,045 young entrepreneurs to build businesses that today employ […]

USAID-Supported SME Centers Creating More Jobs

Iraq’s Ministry of Youth Monitoring and Coordination Director General Adnan Al-Sarraj recently praised USAID-Tijara’s network of eight Small Business Development Centers (SBDCs) for helping Iraqis find employment and start new businesses. The compliment came in a SBDC strategy workshop last week in Erbil at which government officials, NGOs and UN agencies joined USAID-Tijara to discuss […]

USAID-Sponsored Bank Provides Financing for Iraqi SMEs

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 […]

Iraq's Small Business Development Centers Create New Jobs

Business training offered in Iraq’s Small Business Development Centers is helping shape a new generation of Iraqi entrepreneurs whose companies someday may become significant private sector employers. So says a survey published this month of 4,329 trainees who graduated last year from SBDC programs that include the two most popular courses, ”How to Start a […]

Investor Guides Assist Opportunity Seekers

In his joint press conference with Iraqi Prime Minister Nouri al-Maliki on December 12, 2011, President Barak Obama noted that “In the coming years, it’s estimated that Iraq’s economy will grow even faster than China’s or India’s.” Foreign and regional investors interested in Iraq’s economic potential, but uncertain about the country’s investment regulations, arbitration laws […]

USAID Participates in Iraq Agro-Food Expo

The U.S. government through the United States Agency for International Development (USAID) participated this week in the 4th Iraq Agro-Food Expo in Erbil, showcasing the success of the USAID-Inma Agribusiness Program and highlighting beneficiaries. The success of this program is an example of US-Iraqi cooperation, under the auspices of the Strategic Framework Agreement, in support […]

More Profits For Iraq’s Strawberry Farmers Thanks To USAID

Business is flourishing for some of Iraq’s strawberry farmers thanks to higher-yield varieties and new growing techniques provided by the U.S. government through the United States Agency for International Development (USAID). The success of this program is an example of U.S.-Iraqi cooperation, under the auspices of the Strategic Framework Agreement, to support domestic agricultural production […]

Iraqi Microfinance Conference Discusses Greater Outreach to Poor

Iraq’s 12 microfinance institutions in cooperation with the USAID-Tijara Provincial Economic Growth Program are holding an Inclusive Financial Services Stakeholders Conference in Erbil on October 3 and 4. The theme of this year’s microfinance event will be “Transforming Inclusive Financial Services for Increasing Outreach”. The conference will bring together leaders from 12 microfinance institutions (MFIs) […]

USAID Awards Grants to Local NGOs

The United States Agency for International Development (USAID), together with program partners convened Wednesday, September 14, 2011, in Baghdad to award the first round of grants funded by the US Government through USAID’s Iraq Access to Justice Program. Representatives of Government of Iraq ministries, the U.S. Embassy and other partner organizations attended the meeting, at […]

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Iraqi Banks Struggle with Limited Services and Capital

Reuters reports that it's a tough road ahead for Iraqi private banks required to raise their capital to boost business as they battle against decades of state dominance to win a slice of the asset base from government-run enterprises. It blames a poor credit culture, the lack of a modern banking system, and the dominance […]

Iraqi Farmers to Focus on Marketing

As agriculture in Iraq grows and evolves, many farmers, packing house operators, wholesalers and food suppliers have questions about its future. They wonder whether produce will be sold in stalls or in supermarkets. They question the impact imported goods will have on Iraqi-raised products. To facilitate discussions about the future of agriculture in Iraq, the […]