An international agreement to support job creation and revitalizing the local economy in Iraq

Baghdad-INA   
The International Organization for Migration signed today, Sunday, an agreement with the German Embassy in Iraq to support job creation and revitalize the local economy in Iraq.
The head of the International Organization for Migration’s mission in Iraq, Giorgi Gigauri, said in a speech during the signing of the agreement, which was attended by the Iraqi News Agency (INA) correspondent: “Today, the sixth phase of the International Organization for Migration’s program was signed, which contributes to supporting the economy of Iraq by creating job opportunities and revitalizing the local economy, a program made possible with the support of the Government of Germany through the German Development Bank.
He added, "The new agreement will support the International Organization for Migration's ongoing efforts in Iraq to promote economic recovery and create sustainable job opportunities, by providing additional financing worth 23.35 million euros for the years 2024-2028."
Gigauri continued, "Since 2018, the German Ministry of Cooperation and Economic Development has committed an amount of 135 million euros to support the activities of the International Organization for Migration in Iraq to contribute to economic recovery by supporting job creation and the rehabilitation of key community infrastructure such as markets and industrial areas."
He continued in his speech, "With this project, the International Organization for Migration will continue to work in 9 governorates in northern and central Iraq by providing support to 1,800 individuals for employment in public works. The International Organization for Migration will also rehabilitate the main economic infrastructure to stimulate markets and facilitate economic development."
  “IOM continues to work closely with the Government of Iraq in supporting efforts to increase women’s economic opportunities and participation and assist individuals with improved employment skills by providing business support groups and vocational training through its Individual Livelihood Assistance Program. We have this new phase of our cooperation with the German side by continuing our pioneering initiative (Enterprise Development Fund), and the European Development Fund will continue to support the private sector, especially small and medium projects in Iraq, and promote the creation of sustainable job opportunities. This new phase will facilitate the creation of 1,100 new job opportunities throughout Iraq". Gigauri said.
He explained, "This project will be in cooperation with the Ministry of Labor and Social Affairs and local governments in the governorates to support these projects and implement them on the ground."