Iraq - Interim strategy note for the period mid FYO9-FY11 (English)
Interim Strategy Note for Iraq The Interim Strategy Note (ISN) outlines the World Bank's approach to assist Iraq with its development program over the period FY09-11. The objective of the ISN is to help the Iraqi Government use its own resources more effectively to support private sector-led growth and deliver basic services. The Strategy's three themes are: (i) Continuing to support ongoing reconstruction and socio-economic recovery; (ii) Improving management of public resources, human, natural, and financial; and (iii) Supporting policies and institutions that promote broad-based, private-sector-led growth. It further paves the way for involvement of IFC and MIGA in support of private sector development over FY09-11
https://documents.worldbank.org/curat...-mid-fyo9-fy11
Iraq has made important progress towards political and economic stabilization, although the situation remains fragile and reversible. Recent months have seen a sharp decline in incidents of violence, especially in the Baghdad area, and a corresponding decrease in the rate of internal displacement of the population. This reflects improved security as well as successful initial steps towards political reconciliation. Macroeconomic performance has also improved although growth has been volatile. The Government has been demonstrating its commitment to reform and reconstruction, indicating that continued engagement with Iraq may produce further concrete results. The Government has succeeded in sharply reducing inflation and containing recurrent spending, while increasing capital expenditures to accelerate the recovery process. The Interim Strategy Note (ISN) also benefited from extensive consultations with the Government of Iraq, the donor community, and other stakeholders, including representatives from private sector and civil society organizations. These consultations were helpful in identifying the country priorities, defining promising engagement arrangements to maximize Bank assistance results, and highlighting the centrality of donor coordination. Some of the main priority areas identified during the consultations include: (i) public financial management; (ii) banking sector reform; (iii) support to planning processes and strategy design (not only at the central level, but also at the sectoral and provincial levels); (iv) private sector development; and (v) energy and services
DETAILS
- Document Date2009/02/19
- Document TypeInterim Strategy Note
- Report Number47304
- Volume No1 of 1
- CountryIraq;
- RegionMiddle East and North Africa;
- Disclosure Date2009/03/23
- Doc NameIraq - Interim strategy note for the period mid FYO9-FY11
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CITATION
World Bank. 2009. Iraq - Interim strategy note for the period mid FYO9-FY11. Washington D.C. - The Worldbank. https://documents.worldbank.org/curat...-mid-fyo9-fy11