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GAO-08-365R 1 (2007-12-18)

handle is hein.gao/gaocrptavtq0001 and id is 1 raw text is: SGAO Accountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 December 18, 2007 The Honorable Nita M. Lowey Chair The Honorable Frank R. Wolf Ranking Member Subcommittee on State, Foreign Operations, and Related Programs Committee on Appropriations House of Representatives Subject: Rebuilding Iraq: International Donor Pledges for Reconstruction Efforts in Iraq 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 2003.2 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. Appendix I provides additional information on the loans and grants pledged by each donor country and the contributions provided as of October 2007. We obtained data on donor pledges and contributions to Iraq reconstruction from the United Nations (UN), the World Bank, and the Department of State. We reviewed UN and World Bank documents on pledges and multilateral contributions and met with cognizant UN and World Bank officials. To obtain information on bilateral grants and loans, we reviewed UN and World Bank trust fund documents and met with State Department officials. The information we have provided is sufficiently reliable for 'See Securing, Stabilizing, and Rebuilding Iraq: GAO Audits and Key Oversight Issues, (JAO-O8- 23 T (Washington, D.C.: Oct. 30, 2007). 2U.S. and Iraqi funding for reconstruction efforts is not included in this total. GAO-08-365R Rebuilding Iraq

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