Iraq Investment Policy and Promotion (IFC-600883)

Countries
  • Iraq
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 8, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Iraq
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.63 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.63 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 23, 2017

Disclosed by Bank Jun 30, 2016


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Project Description
The Projects overall objective is to assist the Governments of Iraq and Basra enable resilient private investment through investment policy and promotion (IPP) reforms that address legal, regulatory and institutional barriers to investment. In this regard, the project will specifically focus on two inter-related objectives: Primary Objective: Assist the Government of Basra in protecting and retaining its current investments, preventing potential withdrawals and investor-state disputes, through enhanced regulations and policies, the provision of aftercare services and investor grievance mechanisms. Secondary Objective: Assist the Government of Basra in growing investment from existing investors and attracting new, viable investment through strategic promotion efforts and improved regulations, practices and policies.
Investment Description
  • International Finance Corporation (IFC)
Advisory Services
Contact Information
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