Economic Reform & Diversification – Page 2

Review and assessment of US-Aid project on establishing the Iraq Financial Management Information System (IFMIS) at the Ministry of Finance

Contents Executive summary 3 INTRODUCTION 7 2.1. FMIS and the World implementation experience 7 2.2. Iraq Financial Management Information System (IFMIS) Implementation Experience (post 2003 period). 9 2.3. Lesson Learned 11 Government Enterprise Resource Planning (GERP) 12 3.1. GERP High Level Overview 13 3.2. Ira

Washington DC, August 05, 2021—The World Bank Group has renewed its commitment to the continued support of Iraq, approving a new Country Partnership Framework (CPF) to form the basis of its 2022–2026 partnership with the country. The framework lays out the main development goals the World Bank Group aims to support in Iraq and proposes a series of strategic interventions to hel

These additional reflections are prompted the article of Dr. Amer Hirmis entitled “World Bank’s Assessment Is Flawed: Manufacturing Is Viable in Iraq… Preliminary Brief Comments!” (Hirmis, 2021), which provided critical assessment and comments and challenged some of the analyses and recommendations provided in a recent WBG document entitled “Breaking Out of Fragility A Country

To the esteemed editors of the Iraq Economist Network, We have read with great interest the paper published on your network’s website on March 8, 2021 and entitled “World Bank’s assessment is flawed Manufacturing is viable in Iraq!” by Dr. Amer K. Hirmis. We would like to provide some of comments for clarification in response to some of the ideas put forward by the paper.

Abstract In late September 2020, the World Bank published a report entitled ‘Breaking out of fragility: a country economic memorandum for diversification and growth in Iraq’ (henceforth WB 2020). [i] In October 2020, the Iraqi government published its ‘White Paper for Economic Reforms: Vision and Key Objectives.’ This was followed in January 2021 by a draft ‘White Paper for