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Baghdad 4 Dec. 2011 Related to MDG ◦ MDG 1: Eradicate extreme poverty ◦ MDG 8: Develop a global partnership for development National Vision: ◦ Increase annual GDP by 9.38% ◦ Economic diversification and increased productivity in all economic sector ◦ Sustainable jobs and income generation especially among youth and women ◦ Reduce level of poverty by 30% ◦ Enhance role of Private sector in national development process ◦ Increase contribution of agriculture in GDP Outcome 2.1 : People in Iraq have improved access to job and income opportunities in a diversified and competitive market economy. Outcome 2.2 : Vulnerable Iraqis are benefiting from meanstested social transfers which stimulate economic growth and reduce dependency (Sub-PWG Social Transfer) Outcome 2.3 : Government of Iraq has institutionalized a universal social security system covering unemployment, health, old age, disability and other social risks PWG Inclusive Economic Growth Sub-PWG Social Transfer Co-Chaired by: Government: Ministry of Industry and Minerals , Ministry of Planning (MoP) UN: UNIDO, ILO Co-Chaired by: Government: Ministry of Finance (MoF), Ministry of Trade. Membership: Membership: Government: Ministry of Finance, Ministry of Trade, Prime Minster Advisory Commission, Ministry of Labor & Social Affairs, Ministry of Planning, Central Bureau of Statistics, KRG Board of Investment, KRG Ministry of Trade and Industry. Government: Ministry of Industry and Minerals , Ministry of Planning, Ministry of Agriculture, National Investment Commission, Ministry of Trade , Ministry of Finance, Ministry of Labor and Social Affairs, Iraqi Federation of Chamber and Commerce, Iraqi Federation of Industries, KRG Ministry of Planning, KRG Ministry of Labor and Social Affairs. UN: UNIDO, ILO, UNDP, UNESCO, UNICEF, FAO, IOM, WHO, UNHABITAT, IAU,WFP, UN-Women, UNCTAD. NGOs: Iraqi Dar Al-Salam Center, Women for Peace Meetings: Monthly UN : WFP UN: WFP, UNDP,UNICEF, IAU Meetings: Every 2 months Outcome 2.1 : People in Iraq have improved access to job and income opportunities in a diversified and competitive market economy. Policy, legal and Governance Private Sector development SOE restructuring Industrial Zone development Investment policy/mapping SME development Land management reform Social security system and dialogue Local economic governance Development of economic institutions Vocational Training Centers Enterprise Development Centers/Business Information Centers Direct support measures Pilot rehabilitation of 3 pilot SOEs Creation and expansion of M& SMEs Investment promotion agencies Laboratory for testing industrial product Economic development Committees (Governorate level) Skills development of Iraqi beneficiaries (technical and managerial) Financial support to beneficiaries (in kind support grants, microfinance loans) Capacity Development GoI Institutions Inclusive Economic Growth Priority Area is 27.82% funded Funds Requested: $416.57 million Funds Available as of 30 September 2011:$115.90 million Remaining Balance to be mobilized:$300.67 million UN Agency Funds requested in (Millions of USD) Funds Available in (Millions of USD) As of 30 September, 2011 UNDP 34.20 21.50 UNESCO 13.68 1.96 UNICEF 5.00 1.10 UN WOMEN 0.50 0.31 ILO 25.80 4.65 IOM 100.00 25.00 UNHABITAT 9.20 0.80 UNIDO 40.00 25.00 WFP 94.77 3.20 WHO 4.62 1.75 UNCTAD 0.50 0.00 UNESCWA 2.50 0.00 FAO 85.80 30.63 TOTAL 416.57 115.90 Development and approval of SOE restructuring Road Map Investment mapping SME policy and institutional framework Preparation of draft laws including economic reform law, PPP general framework law, land management reform Two economic development strategies and plans completed in the first stage Produced analytical briefs in Budget analysis, Oil and gas sector, Electricity sector and economic analysis The first draft of the NHA report has been prepared Business development Centers were established and functional in 6 governorates to provide SME services Capacity development to INIC and MoA to enhance their capacities to support investment promotion Economic Development Units established in three Iraqi governorates Specialized Institute for Engineering Industries (SIEI) laboratories rehabilitated and managerial and technical staff trained Private Sector development, Investment and Industrial Strategy for Iraq (PSDPI) National SME support institution Religious and eco-tourism strategy for Iraq Land policy Road Map Establish or rehabilitate Vocational training centers in Iraq and design training schemes/packages based on sectorial needs Launch e-learning small and medium enterprise development services UN Security situation hindering staff mobility and engagement with partner institutions On-going security challenges limit access to counterparts and information, and increase cost of programme delivery Coordination between PWG and WB and USAID initiatives. GoI Necessity of closer government engagement in work of PWG Better communication between different Governmental institutions. Donor Fund mobilization for PWG activities Support the GoI Institutions in the implementation of PSDPI defined policy framework to ensure sustainability and further economic diversification in Iraq: ◦ Implementation of SOEs Road-Map ◦ Pilot SOEs social mitigation programme ◦ Implementation of PSD Strategy Stimulating job-rich growth and higher productivity of SMEs in strategic industries in Iraq Integrated action of multiple agencies, each focusing on its own comparative advantage and core area of expertise Application of a sectortargeted approach (through the income and employment multiplier) for balanced income and employment generation within local economies