The World Bank’s Board of Executive Directors today approved the first loan to Iraq in over thirty years. The $100 million Third Emergency Education Project (TEEP) will help the Government of Iraq alleviate school overcrowding and lay the groundwork for educational reform. The TEEP builds on the successful experiences of two previous projects financed by grants from the World Bank Iraq Trust Fund—a $40 million textbook project and a $60 million school construction and rehabilitation project.  The TEEP will finance the construction and furnishing of about 82 new primary and secondary schools in 15 governorates, directly benefiting about 57,000 students. In addition, the project will introduce new design standards for schools, help the Iraqi authorities formulate and introduce a national program for school construction and maintenance, and finance a comprehensive program to support educational system reform.

 

Iraq: World Bank Approves First IDA Credit