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Iraq: Microfinance Strategy

Show simple item record Busardo, Kathryn Gavagan, Cara Kenny, Janet Wallace, Sarah Roberts, Kristin 2011-06-22T19:39:48Z 2011-06-22T19:39:48Z 2010-04
dc.identifier.issn 1947-2634
dc.description.abstract After the 2003 invasion of Iraq by coalition forces, the United States developed a policy to rebuild the Iraqi government and economy. Part of this policy was the establishment of microfinance institutions (MFIs) in the country. Microfinance is the practice of lending small amounts of money to entrepreneurs in developing countries in an attempt to expand the local economy. Prior to 2003, there were no MFIs in Iraq. The United States Agency for International Development (USAID) contracted with The Louis Berger Group, Inc., (Berger) a prominent U.S. based infrastructure engineering company, to manage the U.S.-funded microfinance initiatives in Iraq. Berger has projects across the U.S. and in 140 countries; with expertise in project planning, management, and budget administration. In addition to their work in microfinance, Berger has experience in transportation, infrastructure, communications and the development of schools, hospitals, courts, and police stations. This article analyzes the successes enjoyed and challenges faced by microfinance initiatives managed by Berger, as well as their contribution toward the U.S. strategy for victory in Iraq. This article also offers recommendations for sustaining economic growth in the region.
dc.language.iso en_US en_US
dc.subject Iraq en_US
dc.subject microfinance en_US
dc.title Iraq: Microfinance Strategy en_US
dc.type Article en_US

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