Donor Partnerships
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Iraq: EBRD shareholder profile
Iraq became the 74th shareholder of the European Bank for Reconstruction and Development (EBRD) when it completed its membership process in April 2024.
Looking ahead, the EBRD sees immense opportunity to support the growth of Iraq’s economy and private sector through investment and support for policy reforms. Preparations for the Bank to engage more directly are now underway, awaiting final steps by EBRD shareholders.
At the EBRD Annual Meeting in Samarkand in 2023, the Board of Governors approved an amendment to the Agreement Establishing the Bank to allow the expansion of the Bank’s operations to Iraq. Once the amendment is in force, the EBRD will can take forward any request from Iraq to become a country of operation.
The Governors’ resolution in Samarkand also defined Iraq as part of the Bank’s southern and eastern Mediterranean (SEMED) region, to which the country has strong economic links.
The EBRD looks forward to applying its know-how and experience to help develop the country’s private sector, promote sustainable energy supplies and enhance the quality and efficiency of its infrastructure.
Iraq originally submitted a request to join the Bank in April 2018 and the Board of Governors approved its membership in October 2020. The membership process was completed with a formal exchange of documents.