Draft:Iraq development fund
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Iraq Development Fund[edit]
| Formation | 2023 |
|---|---|
| Type | Government Organization |
| Purpose | Economic and social development |
| Headquarters | Baghdad |
| Owner | Iraqi Government |
| Website | https://www.fundiraq.com |
The Fund was established within the 2023-2025 Budget Law, and it works to include the private sector in most of the economic and social programs it launches that have social, environmental, or financial returns. Accordingly, the Fund guarantees the purchase of services or enters into partnerships with the private sector to implement its objectives. The Fund receives one trillion Iraqi dinars as an annual allocation and works to attract investments from inside and outside Iraq to the strategic projects it launches that achieve its social, economic and environmental goals.
Objectives of the Iraq Development Fund[edit]
Improving the attractive investment environment and launching sustainable economic and social development, taking into account population representation in governorates not organized into a region.
Developing and diversifying non-oil economic resources by financing investment projects.
Finding solutions to economic, social and environmental crises by attracting capital, technology and human resources and transforming them into investment opportunities.
Creating a qualitative change in the adoption of technology and modern systems in management.
Financing projects that address the gaps between the powers of ministries.
Attracting, attracting and mobilizing the financial mass present in the private sector that is looking for investment outlets to be used in strategic, environmental and service projects.
Providing job opportunities through investment projects proposed by the Fund.
Developing human capital and skills to be compatible with the requirements of entrepreneurship and the labor market