UNCTAD to help Iraq participate in a knowledge-based, globalized economy

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UNCTAD Secretary-General, Dr. Supachai Panitchpakdi, will sign a memorandum of understanding with Mr. Bisrat Aklilu, Executive Coordinator of the Multi-Donor Trust Fund (MDTF) Office, United Nations Development Programme (UNDP), as Administrative Agent of the United Nations Development Group Iraq Trust Fund (UNDG ITF), at UNCTAD=B4s New York office, on Friday, 24 October, at 9.15 a.m. local time.

The UNDG ITF is one of the two trust funds created in 2004 under the International Reconstruction Fund Facility for Iraq to help donor nations channel their resources and coordinate their support for reconstruction and development in Iraq. It is administered by the UNDP MDTF Office as Administrative Agent on behalf of Participating United Nations Organizations. The total deposits in the UNDG ITF stand at $1.3 billion. A total of 25 donors and 21 participating United Nations organizations have signed a letter of agreement and memorandum of understanding, respectively, with the MDTF office. Donors include Organization for Economic Cooperation and Development countries and a number of developing countries, such as India and Qatar.