New Funding for Economic Reform in Iraq

The United Nations Development Programme (UNDP) signed a project document today in Baghdad with the Office of the Prime Minister of Iraq to establish a Funding Facility for Economic Reform (FFER).

Through the Facility, UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus.

Deputy Chief of Staff of the Prime Minister, Dr. Naufel Al-Hassan, said:

“The Government of Iraq appreciates the support provided by UNDP to the implementation of the reform agenda announced by the Prime Minister, as part of a series of measures undertaken by the Government to boost the economy.”

UNDP Country Director for Iraq, Mr. Mounir Tabet, said:

“In the past years, Iraq has been burdened by enormous economic challenges that are straining the fiscal budget and affecting the livelihoods of thousands of people. Establishing the Funding Facility for Economic Reform provides an opportunity to expedite the Government’s reform plan.”

FFER will mobilize expertise to support the implementation of top priority reform initiatives under the leadership of the Office of the Prime Minister.

(Source: UNDP in Iraq)

4 Responses to New Funding for Economic Reform in Iraq

  1. Jimmie Ingram February 2, 2017 at 9:38 pm #

    Looking for revaluation of their currency .to 1to1

  2. wulf February 21, 2017 at 8:32 am #

    Last I heard was 1.20 : 1 USD.

  3. Scott Reeser February 22, 2017 at 5:26 pm #

    It’ll never happen! M0 is 60,000,000,000,000 plus. Lets see what would happen if the exchange was brought to 1:1. Iraq would have 60Trillion Dinars in circulation equal to $60 Trillion. That’s just stupid!

  4. Me ow February 22, 2017 at 7:09 pm #

    Iraq is one of the most oil rich countries. Before us take over the exchange was 3-1