Assessing Reconstruction Needs
In preparation for the October 2003 Madrid Donor Conference, the joint United Nations/World Bank team conducted an assessment of funding needs for reconstruction in Iraq during the period 2004-2007. The resulting report identified 14 sectors and associated funding needs as shown in the Table below. In addition to this US$36 billion, the Coalition Provisional Authority estimated an additional US$20 billion in need including US$5 billion for security and police and US$8 billion for oil industry infrastructure.
| Sector | Needs (US$billion) |
|---|---|
| Government Institutions | 0.39 |
| Education | 4.81 |
| Health | 1.60 |
| Employment creation | 0.79 |
| Transport and telecommunications | 3.41 |
| Water, sanitation, solid waste | 6.84 |
| Electricity | 12.12 |
| Urban Management | 0.41 |
| Housing and Land Management | 1.42 |
| Agriculture and Water Resources | 3.03 |
| State-Owned Enterprises | 0.36 |
| Financial Sector | 0.081 |
| Investment Climate | 0.34 |
| Mine Action | 0.23 |
| Total | 35.82 |
In 2007 the Government of Iraq and the United Nations created the International Compact with Iraq a visioning and planning entity which identified reconstruction as an essential element for meeting human needs and economic development.
Read more about this topic: Investment In Post-invasion Iraq