The Islamic Development Bank announced $100,000 in feasibility study funding for a planned network of market complexes for farm produce during the fourth meeting of the Working Group on Infrastructure Finance in Iraq, held in Amman, Jordan on 26-28 March 2011. The meeting also set detailed timelines or defined initial measures to advance five other Government of Iraq (GoI) priority infrastructure projects towards financing. The other projects are the Grand Fao port, a network of abattoirs, a thermal electricity station at Yousifea, residential communities including service infrastructure such as schools and clinics, and a third train for associated gas treatment in the North Gas Complex.
(front row, from left to right) Mr. Firas Hardan, NIC, Mr. Shakir Fayyadh, Ministry of Finance, Mr. Abdulhussein Al Anbaki, Prime Minister Economic Council, Mr. Juwad Hadi Abbas, Ambassador of the Republic of Iraq in Jordan, Dr. Sami Al-Araji, Chairman of the NIC, Dr. Alexander Böhmer, Head of Unit, MENA-OECD Investment Programme, Mr. Riyadh Yousef Aboud, Chairperson, Infrastructure Committee, Office of the Deputy Prime Minister for Infrastructure, Mr. Kamal Field Al Basri, Expert on Iraqi Economic Affairs, Mr. Husain Al-Chalabi, International Energy Sector Consultant
The meeting featured case studies of successes and challenges in public-private partnerships (PPP) in the MENA region, Jordan and Iraq, and discussed the regulatory frameworks most conducive to PPP arrangements. The final declaration included calls for further moves towards legislative PPP frameworks as well as intensive training on related issues, the creation of a PPP unit within the Ministry of Finance, a broad study on infrastructure finance needs in Iraq, and more progress in identifying PPP or development bank loan opportunities for the priority projects.
Session 1 – Successes and challenges of PPPs in the MENA region
Sessions 2 & 3 – Parallel meetings of the Expert Groups:
Final declaration and action plan:
The Working Group on Infrastructure Finance in Iraq
The MENA-OECD Investment Programme partnership with Iraq