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Originally published by Citizen Digital
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September 13, 2025
3h ago

Iraq signs Ksh.129B investment deals with World Bank's IFC

Iraq signs Ksh.129B investment deals with World Bank's IFC

At a ceremony marking two decades of the International Finance Corporation's presence in Iraq, Prime Minister Mohammed Shia al-Sudani announced the new contracts with his country's private and public.....

✨ Key Highlights

Iraq has signed investment deals worth $1 billion with the World Bank's International Finance Corporation (IFC), focusing on the country's energy, agriculture, and finance sectors. This move aims to bolster Iraq's economic recovery and attract foreign capital.

  • The deals amount to $1 billion in new investments and engagements.
  • Key organizations involved are the World Bank's International Finance Corporation (IFC) and the government of Iraq, led by Prime Minister Mohammed Shia al-Sudani.
  • A significant component includes a $500 million contract for investing in associated gas and developing gas facilities in the southern province of Basra.

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