International Donor Pledges for Reconstruction Efforts in Iraq
GAO-08-365R: Published: Dec 18, 2007. Publicly Released: Dec 18, 2007.
At an October 30, 2007, hearing before the subcommittee on U.S. efforts to secure, stabilize, and rebuild Iraq, several members requested additional information on international donors' pledges to reconstruction and stabilization efforts in Iraq. This correspondence provides updated information on the amounts of loans and grants pledged by each donor country, as well as the status of those pledges.
As of October 2007, international donors have pledged about $16.4 billion in support of Iraq's reconstruction since 2003. Of this amount, about $10.8 billion--or about 66 percent--is in the form of loans. The Iraqi government has entered into agreements to use nearly $2.2 billion of the pledged loans, as of October 2007. Donors also have pledged $5.6 billion in grants, to be provided multilaterally or bilaterally. Donors have provided about $4.8 billion of this amount as of October 2007.