IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1B in New Investments

The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad last week, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of impact in the country and announce $1 billion in new investments and engagements in energy, infrastructure, agribusiness, and finance, underscoring IFC’s long-term commitment to the country’s private sector.

Since 2005, IFC has invested and mobilized more than $2.5 billion for projects in Iraq. These investments have created over 28,000 jobs, including 5,000 for women, while strengthening infrastructure, expanding access to finance, supporting manufacturing, and enhancing food security.