By John Lee. Iraq's Ministry of Justice has said it has successfully defended Iraq in a $1-billion international arbitration case filed by Germany's AHG Industry GmbH & Co. KG at the World Bank's International Centre for Settlement of Investment Disputes (ICSID). According to the statement from the Ministry on Tuesday (11th March), the dispute stemmed […]
By John Lee. Iraq's Minister of Finance, Taif Sami, met with Jean-Christophe Carret, the World Bank's representative in Iraq, to discuss strengthening economic and financial cooperation. The discussions focused on strategic projects aimed at stimulating economic growth, creating jobs, and developing infrastructure and human capital. Minister Sami emphasized Iraq's commitment to leveraging technical and financial […]
The World Bank Board of Executive Directors approved a US$18.5 million project to support Iraq's efforts to minimize environment and health risks due to Persistent Organic Pollutants (POPs) and other chemical pollution hotspots and improve livelihoods of local communities. The Integrated Persistent Organic Pollutants (POPs) and Chemical Hotspots Project is co-financed by a US$13.49 million […]
By John Lee. Iraq's National Investment Commission (NIC) held a meeting on Monday with a delegation from the International Finance Corporation (IFC), part of the World Bank Group, to discuss joint cooperation in: Technical advisory services, Project financing support, Business environment improvement, and Capacity-building through training and workshops. NIC's Director General of Relations and Media, […]
By John Lee. The Iraqi Council of Ministers has approved measures to develop and manage airports through public-private partnerships (PPP): The Ministry of Transportation is authorised to engage the International Finance Corporation (IFC), a member of the World Bank Group, to develop investment proposals for the management, operation, and development of Basra, Mosul, Dhi Qar, […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Ousmane Dione, World Bank Vice President for the Middle East and North Africa, to discuss strengthening cooperation and advancing development projects in Iraq. The discussions emphasised initiatives to diversify Iraq's economy, reduce oil dependency, and create employment opportunities, with a focus on private sector […]
By John Lee. Iraq's Ministry of Electricity has signed a contract to construct three power substations in Basra Province. Funded by the World Bank, the project will add 3x90 MVA capacity at 132 kV, enhancing grid reliability, balancing loads, and reducing bottlenecks. According to a statement from the Ministry, the project will be executed by […]
By John Lee. The Iraqi Ministry of Planning held a meeting with the World Bank's Reform, Recovery, and Reconstruction Fund team to discuss a proposal for advisory services and support for implementing selected reform strategies. The $3.6-million project, funded by the World Bank, aims to enhance transparency and the efficiency of public services through policy […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has presided over a meeting with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to follow up on the Baghdad International Airport (BIAP) development project. The meeting discussed the steps taken by the IFC to attract investors and specialized […]
By John Lee. The Iraqi Ministry of Transport has announced a tender for the design and completion of the Baghdad-Baiji railway line, with plans to upgrade the Taji-Baiji section to UIC60 standard gauge. Partially funded by the World Bank under the Emergency Development Project, the contract covers design and construction work to modernize the current […]
By John Lee. The World Bank has recently published the National Education Strategy for Iraq 2022-2031 or also referred to as Iraq National Education Strategy (INES). Although issued in September 2024, the report covers the period from 2022 to 2031. According to a press release, the new document reflects on current challenges and presents a […]
Second phase of the PROSPECTS partnership launched in Iraq The Government of Iraq officially launched yesterday the second phase of the PROSPECTS partnership in Iraq, an initiative spearheaded and funded by the Government of the Netherlands. This four-year initiative, with a total investment of USD 46 million, aims to provide comprehensive crticial support to refugees, […]
