The Report of the Iraq Inquiry

809.  The UN Security Council adopted resolution 1511 on 16 October (see

Section 9.2).447 The resolution urged Member States and international and regional

organisations to support Iraq’s reconstruction, including by making substantial pledges

at the Madrid Donors Conference.

810.  The IAMB was formally established on 24 October.448 It would not hold its first

meeting until early December.

811.  Representatives from 73 countries, 20 international organisations and

13 non‑governmental organisations and associations attended the Madrid Donors

Conference on 23 and 24 October.449

812.  Donors pledged a total of between US$32.2bn and US$35.9bn, including:

• The US, the largest contributor, pledged US$18.649bn.450

• Japan pledged US$4.914bn, US$1.414bn on grant terms and up to

US$3.5bn on concessional loan terms, with the amount dependent on

security, political progress and progress on reconstruction and resolution of

Iraq’s debt issue.

• The World Bank pledged between US$3bn and US$5bn.

• The IMF pledged between US$2.55bn and US$4.25bn.

• Saudi Arabia and Kuwait each pledged US$500m; the UK US$452m, Italy

US$236m, the European Commission US$235m, Spain US$220m, the United

Arab Emirates US$215m and South Korea US$200m.

• A number of countries, including Germany, offered assistance in kind.

• France did not make a pledge.451

813.  The recorded UK pledge of US$452m excluded the UK’s allocations for

humanitarian assistance, amounts that had previously been pledged, and the UK’s

attributed share of European Commission development expenditure.

814.  The Conference noted that an International Reconstruction Fund Facility for

Iraq (IRFFI) was being established, to help co-ordinate and channel funding from the

international community.452 The IRFFI would be administered by the World Bank and UN

in close co-ordination with the Iraqi authorities.

447  UN Security Council Resolution 1511 (2003).

448  IAMB for Iraq, Press Release, 24 October 2003, Establishment of International Advisory and Monitoring

Board.

449  International Reconstruction Fund Facility for Iraq, [undated], Conclusions by the Chair International

Donors Conference for the Reconstruction of Iraq Madrid, 23-24 October 2003.

450  The US pledged U$20.3bn at the Conference subject to Congressional approval. The pledge was

subsequently revised to US$18.649bn.

451  International Reconstruction Fund Facility for Iraq, [undated], International Donors’ Conference for Iraq

Madrid, 23-24 October 2003: Summary Table by Donor.

452  International Reconstruction Fund Facility for Iraq, [undated], Conclusions by the Chair International

Donors Conference for the Reconstruction of Iraq Madrid, 23-24 October 2003.

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