Iraq economic reform gained new momentum as the finance minister and Central Bank Governor attended key meetings in Washington. Minister Taif Sami Mohammed and Governor Dr. Ali Al-Alaq discussed Iraq economic reform efforts with top officials at the World Bank and the IMF.
First, Minister Sami met World Bank Executive Director Abdulaziz Al-Mulla to review Iraq’s economic situation. They focused on advancing Iraq financial and structural reforms, including boosting revenue, improving spending controls, upgrading digital systems, and developing infrastructure.
Meanwhile, Sami discussed investment challenges with Haila Sheikh Rouhou, IFC’s Regional Vice President. They agreed that attracting investment will boost Iraq’s economic restructuring across key sectors like energy, transportation, and trade finance.
Moreover, Minister Sami led talks with World Bank Vice President Othman Dawani. They examined current World Bank-funded projects in Iraq, particularly the national rail project. Both sides stressed the role of infrastructure in supporting Iraq economic reform goals.
Future plans include advancing renewable energy, expanding metro transport, improving airports, and managing waste better. These initiatives will ensure that Iraq economic reform efforts extend beyond oil dependency into broader economic growth.
Furthermore, in a ministerial meeting with IMF Managing Director Kristalina Georgieva, discussions centered on building economic resilience. Topics included debt management, financial governance, and regional economic stability, all vital for Iraq economic reform success.
In addition, the Iraqi delegation met IMF Executive Director Mohamed Maait and Iraq mission head Jean Keum. Talks highlighted the need for reforms to balance growth between the oil and non-oil sectors. Strengthening Iraq’s economic framework remains critical to maintaining stability amid global challenges.
The delegation also discussed tax system automation, customs reforms, and legal upgrades with IMF technical teams. These efforts will support Iraq economic reform by modernizing financial operations.
Finally, Iraq secured strong support from Jihad Azour, Director of the IMF’s Middle East and Central Asia Department. He affirmed the IMF’s ongoing commitment to advancing Iraq’s economic transformation and modernization projects.
These meetings allowed Iraq to present its progress and future vision to global financial leaders. The focus remains firmly on building a stronger, more resilient economy for Iraq.
