The report has been written by a task force headed by former US Energy Secretary James Schlesinger and Thomas Pickering. It comprised senior economists and former US government officials including former IMF deputy managing director Stanley Fischer, now deputy chairman of Citibank, and Jeanne Kirkpatrick, US ambassador to the UN during the presidency of Ronald Reagan.

The report outlines how the US can work effectively with Iraqis, other governments, international organisations, and non-government organisations. It makes recommendations on humanitarian assistance, transitional governance, oil, economics and reconstruction, and regional security issues. A briefing about the report is to be held at the CFR head office in New York on the morning of 12 March.