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Review: A Study of MSMEs in Iraq

Review: A Study of MSMEs in Iraq

Posted on 11 December 202411 December 2024 By Editor No Comments on Review: A Study of MSMEs in Iraq

The Study of MSMEs in Iraq presents a commendable and systematic approach to understanding the micro, small, and medium enterprises (MSMEs) landscape in a country undergoing significant economic transformation.

Conducted by Iraq’s Central Statistical Organization (CSO) in collaboration with the United Nations Development Programme (UNDP) and funded by USAID, the study reflects a meticulous effort to build a robust evidence base for fostering sustainable livelihoods and economic growth through MSMEs.

The initial survey in 2021, covering Baghdad, Basra, and Nineveh, provided a foundational analysis of MSME structures, trends, and challenges. Its focus on reliable and up-to-date data ensured actionable insights that policymakers could use to craft targeted interventions. This initiative underscored the vital role MSMEs play in Iraq’s economic ecosystem and highlighted their potential to drive inclusive growth.

Building on this groundwork, the 2023 focus group study extended the reach to three additional governorates—Kirkuk, Babil, and Dhi Qar—using a qualitative approach. The inclusion of diverse stakeholder groups, such as government agencies, private sector representatives, and financial institutions, enriched the findings. The SWOT analysis and discussions addressing challenges and opportunities further refined the strategic recommendations.

A notable strength of the study is its holistic and inclusive methodology. By combining quantitative and qualitative approaches, it captures the complexities of Iraq’s MSME sector while tailoring recommendations to the unique conditions of each governorate. Moreover, the strategic alignment of the study with Iraq’s broader economic reform goals reflects its relevance in advancing private sector development as a pillar of economic growth.

In conclusion, A Study of MSMEs in Iraq is a well-executed and impactful initiative that sets a strong precedent for evidence-based policymaking in Iraq’s economic landscape. Its emphasis on actionable insights and strategic planning ensures that it serves as a critical resource for advancing MSMEs and unlocking their potential for national economic development.

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Global SME News

Global SME News, which started in 2008, is dedicated to micro, small and medium enterprises from around the world. It publishes in-depth analysis, market and sectoral reviews as well as news than can help SMEs stay ahead of the curve and acquire the necessary tools to stay relevant in the market.

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