Infrastructure Finance in Iraq

 

 

Launched in 2009 and managed in conjunction with the Office of the Deputy Prime Minister for infrastructure, the Working Group on Infrastructure Finance in Iraq examines selected projects and recommends different approaches that will hasten Iraq’s infrastructure development. The Working Group also assists the Government of Iraq in accessing extra-budgetary sources of finance for essential projects that would be delayed or shelved if they depended solely on government revenue, and in rendering budgetary funds that are available for infrastructure more effective by combining them with private capital and the associated technical expertise.

The Working Group:

  • identifies regulatory and policy developments most likely to encourage private sector involvement in infrastructure finance
  • prioritises infrastructure needs, identifies crucial infrastructure projects and their appropriate financing mechanisms
  • identifies financing risks and examines and recommends risk mitigation strategies
  • helps government officials to prepare proposals and implementation strategies
  • monitors the implementation of infrastructure projects

The Working Group mobilises 11 Iraqi ministries and agencies through the Office of the Iraqi Deputy Prime Minister for Infrastructure, as well as international experts from OPICCoface, the Islamic Development BankMIGA, and the World Bank.

 

8th Meeting of the Working Group on Infrastructure Finance in Iraq - 30 April - 1 May 2013, Cairo, Egypt


The Eight Working Group on Infrastructure Finance in Iraq revisited some of the recommendations from the previous Working Group meeting and further explored the use of public private partnerships and the different options for a single housing agency in Iraq. The Working Group examined the utility of a PPP financing arrangement and sovereign guarantees in financing the development of the Grand Fao Port, and Iraqi officials and international experts looked at the suitability of PPPs for a landfill project.

The Working Group also examined the state of foreign direct investment into Iraq, ways to attract more investment, and the implications for Iraq’s development. More

Iraq project home page


WORKING GROUP MEETINGS

8th meeting, April 2013

7th meeting, November 2012

6th meeting, June 2012

5th meeting, November 2011

4th meeting, March 2011

3rd meeting, November 2010

2nd meeting, April 2010

1st meeting, February 2010

Workshop on opportunities for infrastructure financing in Iraq, November 2009

 

 

DOCUMENTS AND LINKS

Supporting Investment Policy and Governance Reforms in Iraq, OECD 2010

Policy Framework for Investment Toolkit

MENA-OECD Investment Programme

Principles for Private Sector Participation in Infrastructure

Paris Declaration on Aid Effectiveness and Accra Agenda for Action


 

CONTACT US

For further information, contact
Klaus Hachmeier (klaus.hachmeier@oecd.org)