Iraq Catalytic Economic Diversification Public Financial Management
Background and Context
The Iraq Catalytic Economic Diversification Public Financial Management (ICED PFM) programme supports public financial management and economic governance reform in Iraq through targeted technical assistance, advisory support and capacity building. It is funded by the Foreign, Commonwealth and Development Office (FCDO) via the British Embassy in Baghdad. The programme works with key government institutions to strengthen public investment management, fiscal governance, monitoring systems and institutional effectiveness.
Key Counterparts
The intervention works closely with a broad range of government stakeholders, including:
- Ministry of Planning (MoP)
- Ministry of Finance (MoF)
- General Commission of Customs (GCC)
Objective
The programme seeks to improve economic governance and PFM through revenue diversification and more accountable spending. The programme supports counterparts to develop and implement practical systems, tools and institutional reforms that improve decision-making, public investment management, fiscal oversight, monitoring, and organisational effectiveness.
Approach and Scope of Support
PFRC is supporting delivery of the intervention through a combination of in-country engagement and remote technical assistance, drawing on international and regional expertise to respond to emerging reform priorities. The programme adopts an adaptive approach that allows support to be adjusted in response to changing political, institutional, and operational circumstances.
Outcomes and Emerging Impact
Some of the emerging outcomes include:
- Strengthening risk management in customs operations and procedures through the establishment of the Risk Management Unit and development of standard operating procedures, Terms of Reference, and Risk Management Action Plan.
- Strengthening public investment management systems through the co-development of practical appraisal, prioritisation and monitoring tools embedded within government processes.