Since Iraq became a member of IFC in 1957, the Corporation has committed about $111 million in the financial markets and construction material sectors. IFC has played an active role in developing the World Bank Group’s Iraq program following the 2003 war. IFC’s strategy in the country focuses on:
- Investing in private sector projects, with a special short-term focus on the financial and manufacturing sectors, and infrastructure
- Assisting in the restructuring and privatization of state-owned enterprises
- Providing advisory services and capacity building for private sector development
While IFC’s presence and activities in Iraq have been constrained by the security situation on the ground, the Corporation has been able to launch several investment and advisory services activities since the end of the war. These activities include:
- Three investments in the financial and construction material sectors
- Advisory services to improve the business enabling environment, build the capacity of the banking sector and develop the small and medium enterprise market.
To know more about the assistance strategy in Iraq...
Investments |  | Advisory Services |
In fiscal year 2007, IFC invested about $2.4 million in the financial sector.
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IFC PEP-MENA is engaged in several advisory services initiatives in Iraq.
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