Joint UN, KRG Trust Fund Signed

The Kurdistan Region Government and the Integrated Coordination Office for Development and Humanitarian Affairs (ICODHA) of the United Nations Assistance Mission for Iraq (UNAMI) have announced today signing of an agreement to launch a joint Trust Fund aimed at supporting the Kurdistan Region Government’s development vision outlined in the Kurdistan Vision 2020 Development Strategy.

The official title of the fund is “Kurdistan Vision 2020 Joint Programming Facility”.

The Facility provides a mechanism for the Kurdistan Region Government to draw upon expertise of the United Nations System to support the realization of development objectives for and implementation of development programs targeting priority sectors including health and social services, education, employment, physical infrastructure and economic development. The Kurdistan Region Government is the main funder of the Facility, with the United Nations as a principal co-funder.

The initial projects and joint programmes to be financed through the Facility, amounting to over $18 million, of which over $13.6 million is financed by the Kurdistan Region Government, will support the implementation of activities in the priority sectors beginning in early 2014.