World Bank Assistance Strategy
The Interim Strategy Note (ISN) for Iraq covering the period of FY09-11 was presented to the World Bank Board of Directors in March 2009. The development of the strategy was informed by broad consultations with the Government, civil society, private sector, and donors. The Bank’s program under this ISN will focus on three thematic areas: (i) continuing to support ongoing reconstruction and socio-economic recovery; (ii) improving the management of public resources, including human, natural and financial; and (iii) supporting policies and institutions that promote broad-based, private-sector-led growth, with the goal of revitalizing the private sector and facilitating job creation. IFC and MIGA will play a key role particularly (but not exclusively) with respect to the third objective.
The International Reconstruction Fund Facility for Iraq
In 2003, the World Bank, United Nations, and representatives of Iraq established the International Reconstruction Fund Facility for Iraq (IRFFI). IRFFI aims to help donors channel resources and coordinate support for reconstruction and development in Iraq through two trust funds: the World Bank Iraq Trust Fund (ITF), and the UNDG Iraq Trust Fund. The ITF finances reconstruction/rehabilitation and capacity building projects. It will terminate on December 31, 2013.
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