Tag Archives | World Bank

EU, World Bank support Iraq Energy Sector Reforms

In the framework of the financing agreement signed yesterday by the Government of Iraq (GoI) and the European Union (EU) committing €14 million (US$15.8 equivalent) to support the government’s efforts to ensure increased and more reliable energy access for the Iraqi population, the EU and the World Bank Group (WBG) have signed today a €12.85 […]

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Towards Women’s Economic Empowerment in Iraq

The World Bank Group, the Government of Iraq, and the Government of Canada launched today a US$1.95 million grant to support Iraq’s efforts to strengthen systems and deliver programs to empower women economically and politically. The “Gender and Social Protection in Iraq: Towards Economic Empowerment” program consists of two complementary components: the first component will […]

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Iraq launches Social Fund to Fight Poverty

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. 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 […]

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World Bank, EU support Public Financial Management Systems

The World Bank Group and the European Union have signed a €15.6 million (US$18.1 equivalent) technical assistance program to strengthen public financial management (PFM) oversight and accountability Institutions in Iraq and increase the efficiency in the management of public resources and delivery of services. The initiative, which will be implemented jointly by the European Union […]

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New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Statistical Analysis of Baseline Data from Schools, UNV Online Volunteering service Country Safety and Security Manager, Mercy Corps Program Officer, IREX International Analyst, The World Bank Senior Field Assistant, UNAMI – United Nations Assistance Mission for Iraq Information Analyst Political Affairs, UNAMI – United […]

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IFC arranges $269m Financing for Zain Iraq

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a financing package of $269 million to Zain Iraq, a leading mobile network operator, to help reconstruct the country’s telecom operations and spur economic growth. IFC arranged a $269 million debt package including $100 million from IFC’s own account, and $169 […]

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Million+ Households to Benefit from new Financial Programs

The World Bank Group approved the Emergency Social Stabilization and Resilience Project (ESSRP), a US$200 million project that aims to improve the livelihoods of over one million Iraqi in liberated areas through the provision of cash, short-term employment, and other means of social support, namely to the most vulnerable. As the Government of Iraq (GoI) […]

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Rehabilitation of Mosul’s Bridges Improves Livelihoods

Rehabilitation of three vital bridges in the heart of Mosul improves livelihoods for more than 1 million Iraqis Home to a very ethnically and religiously diverse population, Mosul is a symbol of interreligious coexistence and cultural diversity in modern Iraq. During Daesh occupation, the damage inflicted deliberately on the city and the surrounding areas within […]

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IFC, CBI to Strengthen Corporate Governance in Banking

IFC and Central Bank of Iraq to Strengthen Corporate Governance in the Banking Sector The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Iraq (CBI) are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking […]

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“It’s Not the Donations, Stupid”: Key Points from Kuwait Conference

By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […]

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World Bank’s Commitment to Iraq Reaches $4.7bn

The World Bank Group and the Government of Iraq signed two projects today totaling US$510 million to help the Iraqi people by improving living conditions, enhancing water supplies, and creating jobs. The two projects along with the ongoing US$750 million Emergency Operation for Development program and other planned commitments, will increase the World Bank’s total […]

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$210m Project to Improve Baghdad Water

Iraq: 5 Million Residents in Baghdad to Benefit from Improved Water Supply and Wastewater Services A US$210 million World Bank project will improve the quality of drinking water supply and wastewater services to 5 million residents in Baghdad who suffer from water shortages and the outbreak of waterborne diseases due to inadequate infrastructure, rapid population […]

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