MICROCAPITAL BRIEF: 3k Displaced Persons, Returnees, Hosts Access Loans, Guarantees, Business Training in Iraq

The UN’s International Labour Organization (ILO) and the Central Bank of Iraq have partnered with the Iraqi Company for Bank Guarantees and three commercial banks over the past two years to provide a range of services to forcibly displaced people, returning refugees and host communities in the Dohuk and Ninewa regions of Iraq. These services include

MICROCAPITAL BRIEF: Central Bank of Iraq, Mastercard Seek to Boost Digital Payments, Financial Inclusion

Mastercard, a US-based financial services company, recently entered a partnership with the Central Bank of Iraq to expand Iraq’s digital finance ecosystem with the aims of furthering financial inclusion, moving toward a cashless society and promoting socio-economic development in general. The effort will begin by digitizing tuition payments before expanding to address consumer spending, government collections and