Baghdad — The Authorities of Iraq, the European Union’s Directorate-Common for Worldwide Cooperation and Improvement (EU-DEVCO) and the Worldwide Group for Migration (IOM) are increasing their partnership to help financial growth and sustainable job creation in Iraq, particularly by means of focused efforts within the agricultural sector.
The agricultural sector in Iraq served as a security web to many through the top of the battle with the Islamic State of Iraq and the Levant (ISIL). But it has come beneath rising pressure as slow-onset environmental change, environmental degradation, and governance challenges have pressured many rural households to desert agricultural livelihoods searching for seasonal alternatives.
Whereas farmers could also be prepared to speculate private funds of their farms, an absence of water, concern of oversupply within the face of imports from neighbouring nations, and competitors with public sector alternatives create market and labour-side points that gasoline strikes to different areas searching for work, inner displacement and outward migration. In the meantime, processing capacities for small scale, household agri-businesses are severely underdeveloped, limiting the provision of worth addition alternatives. Sustainable job creation in Iraq is a key want, one which has been exacerbated by the destructive impression of COVID-19 on the Iraqi economic system.
“IOM is proud to develop its collaboration with the European Union in Iraq, particularly because it pertains to sustainable job creation and help of the Authorities of Iraq,” stated IOM Iraq Chief of Mission Gerard Waite. “With this extra funding, IOM will develop its profitable Enterprise Improvement Fund (EDF) mechanism to the agricultural sector. That is of specific significance contemplating the financial difficulties introduced on by COVID-19,” he added.
A current joint examine by IOM, the Worldwide Commerce Centre (ITC) and Meals and the Agriculture Group (FAO) confirmed that as of September 2020, small and medium enterprises (SMEs) in Iraq’s meals and agriculture sector had suffered an almost 50 per cent decline in manufacturing. Employment numbers on the time of the survey had additionally lowered, on common, by 21 per cent, together with each terminated and furloughed staff.
By means of this mission funded by the European Union, IOM Iraq will complement the work carried out by the Authorities of Iraq (GoI) and worldwide companions in help of major agricultural producers, and construct on its Enterprise Improvement Fund funding mechanism for SMEs. The mission will each present much-needed monetary and technical help to SMEs within the agricultural sector, and strengthen the GoI’s capability to offer monetary help and technical help to SMEs. It is going to additionally hyperlink carefully with different EU-funded actions in the identical sector, together with these carried out by different UN businesses, civil society organisations and authorities companions.
“Entry to sustainable employment is a key want of many Iraqis, particularly the youth. By supporting SMEs within the agriculture sector, this mission is properly positioned to offer sustainable first rate work alternatives that are urgently required through the COVID-19 disaster,” stated Martin Huth, EU Ambassador to Iraq. “The EU is delighted to develop our partnership with IOM in Iraq with a view to contribute to extra jobs which will probably be created by SMEs in probably the most promising agriculture sector,” he added.
This mission will construct upon the present expertise and good practices gathered from the EDF and can present the GoI with an efficient device for job creation help by means of the enhancement of key agricultural worth chains together with processing capacities. Since December 2018, a complete of two,895 new job alternatives have been created in Iraq by means of the EDF.
With this funding from the EU, IOM may also associate with the Iraqi monetary sector to extend entry to credit score for promising SMEs, fuelling their growth and extra job creation. Constructing on the information and expertise gathered by EDF, IOM Iraq will search to extend the monetary sector’s general capability to offer loans to SMEs, and for SMEs to current bankable alternatives.
For extra info please contact:
IOM Iraq’s Public Info Unit, Tel: +964 751 402 2811, E-mail: firstname.lastname@example.org
Mr. Al-Sadiq AL-ADILEE, EU’s Press and Communications Officer, E-mail: Alsadiq.AL-ADILEE@eeas.europa.eu