Iraq launches social fund to fight poverty
In cooperation with the World Bank, Iraq has launched a social welfare project to assist unemployed and impoverished Iraqis.
The Iraqi Ministry of Planning announced the launch of the Social Fund for Development on Sept. 23, with initial capital of $300 million, in cooperation with the World Bank.
The project aims to improve the living conditions of Iraq's poor. High poverty rates in Iraq have led to repeated protests for 15 years calling for improving the standard of living and for more employment opportunities. These protests have resulted in dozens of deaths and injuries.
