WASHINGTON, December 20, 2016 - The World Bank’s Board of Executive Directors approved the following project:
Iraq - Second Expenditure Rationalization, Energy Efficiency, and State-Owned Enterprise Governance
Programmatic Development Policy Financing
IBRD Loan: US $ 1,443.82 million
Maturity of 18 years, Grace period of 5 years
Project ID: P161167
Project Description: The Program aims to support the Iraq Government’s effort to safeguard economic stability and lay the foundations for longer-term structural reforms that would support private sector development and inclusive growth. Its development objectives are expenditure rationalization, energy efficiency and the transparency and governance of SOEs.