International Compact with Iraq
Encyclopedia
The International Compact with Iraq is an initiative of the Government of Iraq for a new partnership with the international community
International community
The international community is a term used in international relations to refer to all peoples, cultures and governments of the world or to a group of them. The term is used to imply the existence of common duties and obligations between them...

. The Compact, jointly chaired by the Government of the Republic of Iraq and the United Nations
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...

, with the support of the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

, establishes a vision that, "five years from now, Iraq shall be a united, federal
Federalism
Federalism is a political concept in which a group of members are bound together by covenant with a governing representative head. The term "federalism" is also used to describe a system of the government in which sovereignty is constitutionally divided between a central governing authority and...

 and democratic country, at peace with its neighbours and itself, well on its way to sustainable economic self-sufficiency and prosperity and well integrated in its region and the world." Guided by the Millennium Development Goals
Millennium Development Goals
The Millennium Development Goals are eight international development goals that all 193 United Nations member states and at least 23 international organizations have agreed to achieve by the year 2015...

, the Government will work to meet basic needs, protect the rights of all citizens and ensure the optimal use of the country’s resources for the common good and "bring together the international community and multilateral organizations to help Iraq achieve its national vision." The Compact establishes benchmarks and mutual commitments for Iraq and the international community regarding normalizing the security environment, reconciling the political environment, and revitalizing the economic environment.

The Compact was announced July 27, 2006, was formally introduced at the United Nations on March 16, 2007, and was officially launched May 3, 2007. The first annual review conference for the Compact was held in Stockholm on May 29, 2008. In August, 2008, a cooperation agreement between the United Nations and Iraq’s Government was reached defining a strategy to support Iraq’s reconstruction, development and humanitarian needs for the period 2008-2010

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