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Iraq Updates

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Iraq Updates
USAID helps Iraqi Central Bank get back to business
US troops guard the Central Bank of Iraq. The building was looted during the war. USAID is providing a "ministry in a box" which includes desks, chairs, telephones and computers to help get the ministry get back to business.
An Iraqi engineer working with DAI supervises the arrival of  USAID-funded "ministry in a box"  to the Iraqi Central Bank which includes desks, chairs, telephones and computers to help get the misintry get back to business. The building was looted during the war.
 The Central Bank of Iraq was looted and burned during the war. USAID is funding a "ministry in a box"  to the Iraqi Central Bank which includes desks, chairs, telephones and computers to help get the misintry get back in business.
The Central Bank of Iraq, that was looted and burned during the war, is being  provided  a "ministry in a box" by USAID. The assisstence includes desks, chairs, telephones and computers to help get the misintry get back to business.
An Iraqi employee of the Central Bank shows computers being stored in a vault in he basement of the building. The computers are part of a USAID-funded "ministry in a box" program which also includes desks, chairs and telephones to help get the misintry get back to business. The building was looted during the war.
An Iraqi engineer working with DAI supervises the arrival of  USAID-funded "ministry in a box"  to the Iraqi Central Bank which includes desks, chairs, telephones and computers to help get the misintry get back to business. The building was looted during the war.
Workers greet the head of the Central Bank as USAID-funded 'ministry in a box' arrives to the Iraqi Central Bank which includes desks, chairs, telephones and computers to help get the misintry get back to business. The building was looted and burned during the war.

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:

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