Iraq Social Fund for Development (WB-P163108)

Countries
  • Iraq
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
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
Feb 6, 2018
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
Government of Iraq
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 300.00 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)
$ 300.00 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 @ WB website

Updated in EWS Jul 12, 2018

Disclosed by Bank Oct 10, 2017


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Project Description

The proposed project will support the establishment of the Iraq Social Fund for Development (SFD) and provide support to targeted communities to improve access to basic services and employment opportunities. The project will aim to increase participatory planning, management and delivery of public infrastructure services to targeted communities.

This will be achieved through:

  1. Financing Community Sub-projects: The objective of this component is to improve access of communities to basic social services. It will finance subprojects at the local level, that consist of basic services that represent priority investments identified by the community.
  2. Supporting Microfinance Systems Strengthening: The objective of this component is to support the establishment of the overall MSE program of SFD through technical assistance and capacity building activities.
  3. Capacity Building and Institutional Development: This component will provide overall implementation and project management support for the duration of the project, to the establishment and operation of the SFD.
Investment Description
  • World Bank (WB)
Contact Information

Borrower:

Economic Reform Unit - Prime Minister's Office
Haider Al-Abadi
Prime Minister and Acting Minister of Finance
ministeroffice@gmail.com


Implementing Agency:

Ministry of Planning
Mehdi Al-Allak
Secretary General, Secretariat of the Counsil of Ministers
mahdim.alalak@pmo.gov.iq
Najla Al Murad
Director General for Poverty Reduction Strategy
najla_am@ymail.com

 

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