Author Topic: IRAQ: Public Financial Mgmt Reform  (Read 186 times)

Offline MikeH

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IRAQ: Public Financial Mgmt Reform
« on: February 10, 2016, 02:54:22 AM »
IRAQ: Public Financial Mgmt Reform

The development objective of the Public Financial Management Reform Project for Iraq is to support the Government of Iraq's efforts to develop a more effective, accountable and transparent public financial management. The restructuring will add new component namely, Integrated Financial Management Information System (IFMIS). The project’s original closing date was June 30, 2013. The Government has requested for a 3-months extension to the project closing date citing the reason that the implementation of the Project could not start until mid-2011 due to three terrorist attacks on the premises of the Ministry of Finance. With regard to the extension that the Iraq trust fund is closing on 31 December, 2013 there is a request for extension up to 31 August, 2013.
* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature
** Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show commitment at Board approval. It does not reflect any cancellations. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.