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USAID to promote Iraq's economic growth

United States Agency for International Development (USAID) advisers are cooperating with Iraqi government officials and private sector representatives on developing the private sector of Iraq and generating employment.

According to USAID, the restructuring of state-owned enterprises is a core component of this initiative, as a liberalized economy would encourage competition, investment and overall economic growth.

As part of the efforts in investment marketing promotion, USAID staff are continuing to track processing of the Investment Opportunity Profiles through the Baghdad Chamber of Commerce and the Iraqi League of Foodstuff Merchants. Of the 220,000 Chamber members, the project anticipates profiling 200 additional investment opportunities, mostly in the services sectors.
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