Freelancing in Iraq Offers Uncertain Relief for Youth
In the face of declining government employment opportunities and the private sector's difficulty in absorbing the increasing number of unemployed, many Iraqi youth are turning to freelancing and digital projects as their main source of income. However, this sector faces significant challenges, including a lack of social protection, weak financial infrastructure, and difficulty accessing banking services and financing suitable for small-scale work and home-based businesses. Freelance work is also characterized by income instability, which can be heavily impacted by illness, project delays, or late payments, threatening residents' financial stability. Additionally, the legal framework and banking services are not sufficiently prepared to support this informal sector. To develop freelancing into a more sustainable economic sector, Iraq needs to simplify procedures, provide incentives for registration in the formal economy, develop a legal and banking framework that integrates digital activities and small projects, expand electronic payment usage, and reduce reliance on cash transactions to enhance the security and stability of those working in this realm.
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