The EBRD in Iraq

The EBRD’s private sector focused, locally based business model will help strengthen the country’s economy, promote sustainable energy supplies and enhance the quality and efficiency of its infrastructure.

Iraq became the 74th shareholder of the European Bank for Reconstruction and Development when it completed its membership process in November 2023.

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.

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.

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.