Development Fund (Iraq)

The Iraq Development Fund (Arabic: صندوق العراق للتنمية, lit. 'Iraq Fund for Development'), is a development finance institution established on 7 August 2023 by Prime Minister Muhammad Shayya al-Sudani. The fund is chaired by the Prime Minister of Iraq, and its purpose is to create an optimal investment environment, as well as develop and diversify the country's non-oil economic resources. With a heavy emphasis on strengthening the private sector, the fund finances projects of significant social and environmental value. As an institution associated with the Council of Ministers, it receives its funding from the annual central government budget.