WASHINGTON, December 17, 2015 - The World Bank’s Board of Executive Directors today approved the following project:
Iraq - Emergency Fiscal Stabilization, Energy Sustainability, and State-Owned Enterprise Transparency Development Policy Financing
Loan: US $1,200 million
Terms: Maturity 16 years, Grace 5 years
Project ID: P155962
Project Description: The program will help the Iraqi Government address fiscal issues and achieve priority development targets, and increase stability in Iraq and the broader Middle East and North Africa region. This DPF seeks to safeguard economic stability and basic service delivery. The Program Development objectives are to improve expenditure management, sustainability of energy supply; and transparency of state-owned enterprises.