Emergency Operation for Development, reconstruction of areas affected by terroristic operations
From September 2015 Iraqi ministries, governorates and the Reconstruction Fund for Areas Affected by Terroristic Operations used two World Bank loans totalling US$750 million (IBRD-85200, US$350 million, and IBRD-87930, US$400 million), of which US$610 million was disbursed by 30 November 2024, to rebuild water, power, roads, bridges and railway in five governorates, reaching 5 million direct beneficiaries by March 2024, with the first loan's closing date pushed six years past the original June 2020.
5,000,000 people, direct project beneficiaries, 2024-03. 72 months, extension of the first loan's closing date beyond the original (30 june 2020 to 30 june 2026), computed, 2025-01. World Bank, Implementation Status and Results Report, Emergency Operation for Development (P155732), sequence 19, archived 12 January 2025, retrieved 2026-10-02.
The move, and what it needed
The federal government channelled World Bank loans through line ministries, governorates and a dedicated reconstruction fund, rebuilding basic services in retaken cities sub-project by sub-project rather than through one master plan.
Preconditions
- Military recovery of the territory before any rebuilding could start
- Sovereign borrowing capacity and an international lender willing to extend the closing date repeatedly
- A reconstruction fund and planning ministry able to register and approve hundreds of sub-projects
Limits: The figures come from a World Bank supervision report on its own loan, compiled from implementing agencies' reporting; procurement and M&E are rated Moderately Unsatisfactory in the same report, and the beneficiary count is a 'direct beneficiaries' definition that counts everyone in a served area, so it can overlap across water, power and road indicators. The project is still open, so nothing here is a completion figure, and the 72-month extension is our computation from the table, not a published delay figure. The shock is war, not a natural hazard, and the record evidences recovery, not preparation. The money is World Bank lending the government must repay, implemented by Iraqi agencies under Bank supervision, and the US$68 million repurposed to railway works in 2024 shows the scope moved with time. It covers five governorates, not the country, and the report gives no measure of whether rebuilt services were kept running after handover.