World Bank and EU to Help Iraq Strengthen Public Financial Management Oversight & Accountability
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The Government of Iraq Signs Grant Agreement with the World Bank & the European Union on EU-funded Project
Baghdad, January 24, 2021 The Government of Iraq, the World Bank Group, and the European Union signed today a grant agreement aimed at strengthening the Government of Iraq s institutions and mechanisms of fiscal accountability and oversight at federal and sub-national levels.
The project titled Strengthening Public Financial Management (PFM) Oversight and Accountability Institutions will benefit from jointly implemented US$12.5 million and is part of a technical assistance grant program signed back in September 2018 with the European Union to strengthen public financial management (PFM) oversight and increase the efficiency of public service delivery.