PROJECT

Projects

Summary of Investment Information

Project Number

49118

Company Name

Iraqi Islamic Bank for Investment and Development

Date SPI Disclosed

Jan 28, 2026

Country

Iraq

Region

Middle East

Projected Board Date

Feb 27, 2026

Environmental Category

C - No Impact

Status

Pending Disbursement

Last Updated Date

Apr 30, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Oct 12, 2023

Sector

Commercial Banking - Trade

Project Description

 The proposed project is a US$30 million uncommitted trade finance guarantee facility under IFC’s Global Trade Finance Program (GTFP) to Iraqi Islamic Bank (“IIB” or “the Bank”) for a tenor of up to 12 months. The purpose of the proposed IFC trade line is to enable IIB to expand its international trade business and support trade in lieu of challenging macroeconomic conditions in Iraq.                                         

                                                  

Associated Advisory Engagement

                                      

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation