Tag Archives | World Bank

Irish Company to Advise Iraq on Financial Info Management System

By John Lee. Iraq's Ministry of Finance has signed a contract with the Irish-based consultancy AARC Ltd to provide "advisory services regarding the preparation of functional and technical requirements and IFMIS [integrated financial management information systems] bid documents." According to a statement from the Ministry, the project has an implementation period of 17 months, and […]

Iraq's Economic Outlook has Improved, but Risks Abound

From the World Bank: Iraq: Rising Fiscal Risks, Water Scarcity, and Climate Change Threaten Gradual Recovery from Pandemic Iraq's economic outlook has improved on the back of the recovery of global oil markets, with its GDP projected to grow from 2.6% in 2021 to over 6% in 2022-23. Nevertheless, without accelerated economic reform, unforeseen domestic […]

Iraq's Economic Update -- October 2021

From the World Bank: Economic growth is gradually recovering following last year's pandemic-related contraction, partly due to higher non-oil activity. Improved global oil market conditions are expected to reinforce growth in the medium term and turn the fiscal and external balances to surpluses from 2021, and to reverse the recent surge in debt. Latest Developments: […]

Success Stories from Iraqi Civil Society Organizations

Iraq has experienced complex challenges to stabilization and peacebuilding since 2003, most recently associated with the Islamic State of Iraq and the Levant (ISIL), which captured large swathes of territory in 2014 and caused vast destruction and displacement across Iraq. Civil society has played a vital role in post-conflict stabilization since 2003. Civil society actors, […]

An Urgent Call for Education Reforms in Iraq

Iraq: An Urgent Call for Education Reforms to Ensure Learning for All Children and Boost Human Capital Learning levels in Iraq are among the lowest in the Middle East & North Africa (MENA) region and are likely to decline even further because of the impact the COVID-19 pandemic has had on education service delivery, including […]

$100m to Support COVID-19 Vaccination in Iraq

By John Lee. The World Bank has approved a new US$100 million project to scale up Iraq's health sector response to the COVID-19 pandemic. The Iraq COVID-19 Vaccination Project will support the rollout of COVID-19 vaccinations to priority population groups and strengthen the institutional systems needed to enable the safe and effective distribution and use […]

World Bank boosts Iraqi Women's Economic Empowerment

Iraq and the World Bank Group Join Forces to Boost Iraqi Women's Economic Empowerment A new plan to remove constraints and create more economic opportunities for women has been launched by the government of Iraq, with support from the World Bank Group. The Women's Economic Empowerment Plan for 2021-2022 outlines the government's priorities in line […]

Iraq Progresses Towards WTO Membership

The Chairperson of the Working Party on the Accession of Iraq to the World Trade Organization (WTO), Ambassador Omar Hilale (Morocco), visited Geneva on 16-18 June. Building on his earlier visits, the purpose of the Chairperson's meetings in Geneva was to identify steps and mobilise support in relaunching Iraq's accession process which had been challenging […]

World Bank President discusses Iraqi Projects

By John Lee. World Bank Group President David Malpass met with Iraqi Prime Minister Mustafa Al-Kadhimi during his visit to the United States this week. During the meeting, they discussed the cooperation in financing infrastructure projects in the fields of water, airports, natural gas and energy projects, especially solar. President Malpass affirmed to Prime Minister […]

Addressing Iraq's Human Capital Crisis

Iraq Human Development Public Expenditure Review: Addressing the Human Capital Crisis - A Public Expenditure Review for Human Development Sectors in Iraq Iraq is facing a human capital crisis despite having been one of the early investors in health and education in the MENA region. The World Bank's Human Capital Index shows that a child […]