do a search here. This is a very well discussed topic and you have much to learn. Air flow is critical, the wall must be constructed to dry. Do not fur the concrete walls. Wood should not be in direct contact with concrete unless it is rot resistant like cedar, teak, redwood or pressure treated yellow pine. An air flow behind the wall is needed. Moisture must be able to move and not be trapped. Moisture moves into the room with below grade walls and out of the room with above grade walls. So you have a bit of complexity here. Anything you do wrong will aid in quickening the walls failure. Using wood shows you are off on a bad start... read more and come back with more specific questions. Check out www.buildingscience.com for more details to get your started. We also need to know where you live (area not address) since the walls construction is different with different climates.