The Blogiston Post

Politics, money, and war.

Saturday, October 25

donors pledge summary

The best summary of donors' pledges at the recent conference in Madrid Spain we have so far been able to locate is that by Reuters carried by Hi Pakistan and Forbes. Hopefully an official listing will soon be on line. Bpost has included additional information available from other sources. See references below.

The International Donors’ Conference for the Reconstruction of Iraq website for the event lists 75 nations, 21 international government organizations and 13 non-governmental organizations registered to attend.
Summary of donors pledges from the International Donors’ Conference for the Reconstruction of Iraq:

Australia $14 million in aid plus $38 million committed to humanitarian needs and $31 million for reconstruction.

Belgium $5.88 million for reconstruction. Total $20 million.

Britain $495.7 million to March 2006. Total commitment of $911 million.

Canada Already pledged $76.57 million for reconstruction and offered a further $76.57 million at Madrid. It has also pledged $76.57 million for humanitarian aid.

China $24 million.

Denmark $55.4 million in aid, of which $26.9 million for reconstruction and $28.5 million for humanitarian assistance. Also providing export guarantee scheme of $158.2 million.

European Union EU and member states pledged a total of $826 million for rebuilding in 2004. Of that, European Commission making 200 million euros available from EU budget. Total pledges from EU community budget and member states until 2007 stand at $1.53 billion. EU also giving $858.9 million humanitarian aid to end 2004.

Finland $5.90 million in 2004 grants.

Germany An estimated $118 million, about 50 million euros of that through the EU.

India Further $10 million on top of $20 million given so far, including a hospital and 50,000 tons of wheat.

Iran Offered to allow oil exports through Iranian terminals or to enter into an oil swap arrangement with Iraq of up to 350,000 bpd. Also promised up to $300 million in buyers and suppliers credits and offered to supply electricity and gas. Iran also proposed allowing Iranian tourists to travel to Iraq at an estimated benefit to local Iraqi economies of approximately $500 million.

Italy $235.9 million in addition to share of EU reconstruction contribution. Military contribution $270.6 million in 2004 every six months.

Japan Pledged a further $3.5 billion in medium-term loans on top of $1.5 billion of grants already pledged, bringing its total of promised aid to $5 billion.

Kuwait $1 billion already given in technical and humanitarian aid since April. Offers further $500 million aid.

New Zealand US$3 million.

Norway $74.13 million during 2003-6.

Saudi Arabia $1 billion package, half in project finance [loans] from the Saudi Development Fund for education, health, infrastructure and housing till 2007. The second half will be in export credits.

South Korea $200 million from 2003-2007 on top of $60 million earmarked earlier this year.

Spain $300 million in aid to 2007.

Sri Lanka 100 tonnes of tea

Sweden $43 million for 2003-2005 in humanitarian assistance only, until there was either a sovereign Iraqi government or UN authority overseeing reconstruction.

Turkey $50 million from 2004 to 2007.

United Arab Emirates $215 million for humanitarian aid and reconstruction work.

United States $20.3 billion over 18 months of which $10 billion may be allocated in loans.

Vietnam $500,000 worth of rice

World Bank $3-5 billion available over next five years in loans. See more at their website.

IMF $2.5-4.25 billion over three years in loans.
Contributions to reconstruction in Iraq
October 24, 2003

$40 billion pledged in aid, loans for Iraq: Madrid conference
by Reuters
Hi Pakistan
October 24, 2003

Donors pledge at least $13bn for Iraq
by Roula Khalaf and Joshua Levitt in Madrid
Financial Times
October 24, 2003

Nations, banks pledge $13B to rebuild Iraq
by William Neikirk
Chicago Tribune
Reprinted in
October 25, 2003

Donor Group Aims to Start Iraq Reconstruction Funding Flow
By Tom Sawyer
Mcgraw Hill Construction
October 22, 2003

Related news:

According to the UN's website, the long awaited International Advisory and Monitoring Board (IAMB) has now been set up.
An international monitoring panel charged with keeping an eye on expenditures in Iraq was formally established today with the agreement of all parties on the terms of its operation, according to a joint statement released at the United Nations Headquarters in New York.

The statement, issued by the Arab Fund for Social and Economic Development, the International Monetary Fund (IMF), the World Bank and the United Nations, said their agreement meant that that the International Advisory and Monitoring Board (IAMB) had been established.

A Security Council resolution passed last May calls for the creation of an IAMB to appoint accountants to audit the Development Fund for Iraq that has been established by the United States-led Coalition Provisional Authority (CPA).


Post a Comment

<< Home