The Institute’s core funding was secured from the Capacity Building funds, administered by the Oil and Gas Council in the Kurdistan Region of Iraq.
MERI also generates income through research projects, donations, membership and appropriate conference or workshop sponsorship. As a not-for-profit organisation, MERI re-invests its surplus income into new research programmes and other activities.
MERI’s set up grant ($3.5M) was awarded on 20/12/2013, and signed by the Chairman of the Oil and Gas Council. Since then, MERI has been awarded several research grants (in competition) to the value of $0.4M from:
- The European Union: Horizon 2020 grants (two major awards)
- United States Institute for Peace.
- Konrad Adenaur Stiftung, Germany
- United Nation’s Development Programme (UNDP)
- International Organisation for Migration (IOM)
- Food and Agriculture Organization
- Geneva Call and European Commission for Humanitaria Aid and Civil Protection
In addition, MERI’s events, particularly MERI Forum 2015 and 2016, attracted commercial sponsorship to the value of $125K from several companies, including:
- Qaiwan Group
- League of Iraqi Private Banks