Economic Governance
USAID supports sustainable economic reforms in Iraq including examining and
reforming laws, regulations, and institutions and providing a framework for private
sector trade, commerce, and investment. The reforms will strengthen the
Central Bank and the Ministries of Finance, Trade, Commerce and Industry—
among others.
Major Accomplishments to Date:
- Worked with the Ministry of Finance to introduce the new Iraqi dinar.
- Created more than 77,000 public works jobs through the National Employment Program.
- Provided technical assistance on accounting, budgeting and lending activities at Iraq's commercial banks.
- Improved statistical analysis, monetary policymaking, and bank supervision procedures at Iraq's Central Bank.
- Provided technical assistance for CPA's $21 million microcredit program.
- Provided technical assistance for the Oil for Food transition to prepare Iraqi ministries to assume responsibility for OFF contracts.
- Evaluated and updated commercial laws on private sector and foreign investment.
- Assisted in developing the reconstruction levy in collaboration with the CPA and the UK Customs Service; this levy imposes a five percent tariff on imports to Iraq.
- Developed a government-wide IT strategy to support the automation of planning, budgeting and reporting processes across ministries.
- Provided technical assistance as well as information on contracting opportunities for Iraqi businesses through business centers.
- Provided technical support for the re-opening of the Iraq Stock Exchange after it was closed down for more than 15 months; 3.6 billion Iraqi dinars ($2.4 million USD) in shares were traded in the first day.
More Information:
Back to Top ^
|