1. Kuwait International Conference for Iraq’s Reconstruction
Republic of Iraq
Financing Reconstruction
February 12-14, 2018

2. With the current oil price outlook, Iraq’s reconstruction can be financed …
Real GDP increased by 11 percent in 2016 owing to a 25 percent increase in oil production, which was little affected by the conflict with ISIS.
Non-oil real GDP contracted by 8 percent because of the ongoing fiscal consolidation and combat in the ISIS-occupied territories.

3. … while keeping the debt and external position sustainable …

4. … but the financing gap is highly sensitive to the level of oil prices

5. Public Investment Management Procurement Anti-Corruption
To reap the benefits of reconstruction, sustained reforms in public financial management are needed
Public Investment Management
Procurement
Anti-Corruption
Debt Management
Public Wage Bill Management
Pension Reform
Electricity Sector Reform