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ITF is established following authorization of Bank’s Board at end-January 2004
About 20 donors participate in the Facility
Agreements for donor contributions have been signed with most donors
ITF is expected to close on December 31, 2007; or when all funds have been fully disbursed.
Grant Financing Steps Iraqi Administration sets budget, sector policy and the Priority Program. SECTOR POLICY/ PRIORITY FINANCING IMPLEMENTATION ISRB and the Ministry of Planning and Development Cooperation review program/project proposals from potential recipients* for consistency with budget and Priority Program, and guard against overlaps. The MOPDC submits endorsed proposals to the Facility Coordination Committee for consideration. Recipient implements the project**. Coordination Committee confirms eligibility of proposal to receive financing from the World Bank Iraq Trust Fund (or UNDG Trust Fund). ( Generally, proposals would recommend which of UN or WB trust fund is appropriate for financing .) The recipient and the World Bank, as Administrator of the Trust Fund, enter into agreement that includes monitorable performance indicators and disbursement arrangements Recipients may be Ministry of Finance, Ministry of Planning and other central ministries of Iraq, line ministries, governorates, municipalities, UN agencies, NGOs, Iraqi private sector, IFIs, and other public sector. ** Applies only to recipient-executed operations. World Bank assigns staff with responsibility to appraise proposal under Bank’s policy and procedures.
UN Agencies NGOs Ministries Governorates Municipalities Private Sector Other Public Sector IFIs Project Proposals from Recipients
Iraq Strategic Review Board and Ministry of Planning and Development Cooperation:
Review proposal to ensure
Is within priority program
Is not being funded by another source
E ndorse and forward proposals to the Facility for funding consideration
or Rejec t, or return for Modification.
The Facility Coordiination Committee reviews proposal for eligibility for funding from the Facility Proposal is channeled to the Bank or UNDG Trust Fund