About the Facility

The International Reconstruction Fund Facility for Iraq(IRFFI) was launched early in 2004 by the United Nations and the World Bank to help donor nations channel their resources and coordinate their support for reconstruction and development in Iraq.

So far 25 donors have pledged over $1.83 billion to the Trust Fund Facility to ensure responsive financing for near-term (2004) and medium-term (2005–07) priority investments in the country.

The Facility has two trust funds for donor contributions, each with its own characteristics and procedures: 

1. The  WORLD BANK IRAQ TRUST FUND, administered by the World Bank Group.
   
   
2. The UNITED NATIONS DEVELOPMENT GROUP (UNDG) IRAQ TRUST FUND (ITF) is administered by the United Nations Development Programme (UNDP) on behalf of itself and Participating United Nations Organizations.

Of the US$1 billion pledged to the Facility, about $496 million is for the World Bank-administered trust fund, and over $1.33 billion for the UNDG-administered trust fund.

A majority of pledges have been deposited and allocated to projects which are now under implementation or in preparation.