Water training centre - Basra, Iraq.
The Secretary of State has announced a review of the DFID Bilateral Aid Programme. The information on this page reflects current activity and is not an indication of the direction or possible outcome of the review.
Iraq has the potential for huge wealth with the world’s third largest oil reserves and tenth largest gas reserves. In 2009 it awarded licenses to ten international oil companies to increase oil production from 2.5 million barrels per day to over 6 million within seven years.
Its budget for 2010 is $72.4 bn, 24% higher than in 2009. With per capita income of $3,655 in 2009 PPP-adjusted, IMF Iraq is a Lower Middle Income country, poorer than Iran or Jordan, but richer than Syria or Egypt.