European Bank for Reconstruction and Development (EBRD) has officially launched its SME finance and development programmes in Iraq, marking a significant step in strengthening support for the country’s small and medium-sized enterprises. The launch event in Baghdad outlined the Bank’s strategic priorities and highlighted planned and potential initiatives aimed at developing Iraq’s SME sector and fostering private-sector growth.
Through these programmes, Iraqi SMEs will benefit from a combination of tailored advisory services, improved access to finance and broader engagement with the business ecosystem. The EBRD’s approach extends beyond individual firm support to include efforts to strengthen the overall policy and business environment. By doing so, the Bank aims to enhance competitiveness, stimulate innovation, encourage market expansion and promote job creation across the country.
A key component of the rollout is the introduction of the flagship Star Venture initiative, which has opened its first local call for applications. The programme targets high-potential and tech-enabled startups, offering selected participants customized business advice, international expertise and access to networks of investors and mentors. The initiative is designed to help ambitious Iraqi entrepreneurs scale their operations and expand into regional and global markets.
The launch event brought together representatives from the Iraqi government, financial institutions, business associations, the donor community and private-sector leaders. Discussions focused on addressing key constraints facing SMEs, including limited access to technology, international markets and global business practices. Participants explored practical measures to expand advisory services, strengthen business development tools and unlock financing opportunities.
Since beginning operations in Iraq in September 2025, the EBRD has prioritized private-sector development as a driver of sustainable economic growth. Through its integrated model combining finance, advisory support and policy engagement, the Bank aims to build resilient enterprises, deepen local markets and create long-term economic opportunities for the country.
