The role of financing companies in supporting small projects in Iraq for (2006-2015)

Iraqi Company for Bank Guarantees and Iraqi Company for Small and medium projects an exemplar

Abstract

The main objective of this study is to shed light on the reality of financing small projects, to show their economic impacts and challenges, and to clarify the correlation between the effectiveness of small projects and their financing institutions and companies.

       In order to achieve the objectives of the study was based on the comparative descriptive analytical method to determine the status of the current small projects in Iraq, and then study the role of financing companies in the circumstances experienced in Iraqi economy.

   One of the most important findings of the study, despite the security and economic difficulties in Iraq, the Iraqi Company for Bank Guarantees and the Iraqi Company for the financing of small and medium projects has a good contributed to the financing and support of small projects in Iraq through the establishment of new projects and the re-operation of some of the projects stalled, which led to the job creation and income generation (contributing to the raising of GDP). Moreover, it is necessary to set a comprehensive plan by the government to encourage finance companies and banks more justice between different social groups, governorates and economic sectors.