This action seeks to improve the employability of Iraqi youth while also seeking to promote economic reforms that support private sector development. It is jointly co-financed by the European Union (EU) and the Federal Ministry for Economic Cooperation and Development (BMZ) and is implemented by the Germany Development Agency, the Gesellschaft für Internationale Zusammenarbeit (GIZ).  The action forms part of an existing BMZ funded project “Private sector development and employment promotion/ development-oriented (re-)integration of the Iraqi youth”.    

The overall objective of this action is to foster improved governance and promote sustainable, knowledge-based and inclusive economic growth in Iraq and has duration of 36 months. It has two specific objectives:

1. The economic policy conditions for a growth-oriented business and investment climate are improved.

2. Employment prospects in the private sector for young Iraqi are improved.

EU Contribution

Total Budget: EUR 30.7 million

EUR 19.1 million EUR (EU contribution)

EUR 11.6 million EUR  (BMZ contribution)

Start – end

2020 - 2023

Location

Countrywide

Beneficiaries

Micro, Small and Medium Enterprises.

Young Iraqis between 15 and 35 years.

Implementing partner

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (Organisation)

Funding Instrument

Development and Cooperation Instrument

Useful links:

https://www.giz.de/en/worldwide/83039.html