| Financier | Commitments |
|---|---|
| Iraq Reconstruction Trust Fund | 10.00 |
Iraq: Banking Sector Reform
Development Objective
The Project Development Objective is to strengthen the supervisory framework for financial intermediation and to build capacity of financial institutions to support implementation of Phase I of the Iraq Banking Reform Strategy.
Key Details
Project Details
P113337
Closed
Sahar Ahmed Nasr
N/A
Iraq
April 16, 2009
(as of board presentation)
April 14, 2009
April 17, 2009
US$ 10.00 million
N/A
2009
US$ 10.00 million
C
Not Applicable
June 30, 2013
BANK APPROVED
January 15, 2013
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 10.00 |
| Total Project Cost** | 10.00 |
Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025
No data available.
Detailed Financial Activity as of June 30, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Counterpart Funding | Satisfactory | 2013-06-24 |
| Project Management | Satisfactory | 2013-06-24 |
| Financial Management | Satisfactory | 2013-06-24 |
| Monitoring and Evaluation | Satisfactory | 2013-06-24 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2013-06-24 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2013-06-24 |
| Procurement | Satisfactory | 2013-06-24 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-23-2013 |
|---|---|
| Outcomes | |
| Risk to Development Outcome | Substantial |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 02-09-2015 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | High | N/a |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | Moderately Satisfactory | N/a |
| Government Performance | Moderately Unsatisfactory | N/a |
| Implementing Agency | Moderately Satisfactory | N/a |
| Icr Quality | Satisfactory | N/a |
| M&e Quality | Modest | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
New organizational structures for the two state-owned banks are adopted Value No Yes Yes Date April 14, 2009 May 1, 2013 June 30, 2013 Comment Number of staff trained in each bank would reach at least 100 staff member. Value 0.00 682.00 200.00 Date April 14, 2009 May 1, 2013 June 30, 2013 Comment State-own commercial bank’s improved their capital adequacy ratio (reserves-to-NPLs ratios) Value 0.00 20.00 20.00 Date April 14, 2009 May 1, 2013 June 30, 2013 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Improvement in functioning of the two state-owned commercial banks, evident in the increase in loan-to-GDP ratios from 4% in June 2006 to 6% in October 2010. Value 0.00 16.75 6.20 Date April 14, 2009 May 1, 2013 June 30, 2013 Comment Build-up in provision levels at the two state-owned commercial banks for new loans, reflected in the reserves-to-NPLs ratios, rising from 10% in June 2006 to 20% in October 2010. Value 0.00 20.00 30.00 Date April 14, 2009 May 1, 2013 June 30, 2013 Comment Capital adequacy ratio in line with prudential regulations, reaching up to 4% by October 2010. Value 0.00 4.00 4.00 Date April 14, 2009 May 1, 2013 June 30, 2013 Comment Recruitment of qualified staff capable of effectively managing the project. Capacity building granted to the Executive Steering Committee, supporting the reform program. Efficient and smooth execution Value No Yes Yes Date April 14, 2009 December 9, 2012 October 31, 2010 Comment PMU is equiped with 4 qualified staff members, who are supporting the implementation of the program.