by Rocky Wed 28 Feb 2024, 4:37 pm
Wednesday, February 28, 2024 16:36
The Iraqi delegation, headed by Minister of Finance, Taif Sami Mohammed, held discussions with the experts of the International Monetary Fund within the framework of Article IV consultations, held in the Jordanian capital, Amman.
The discussions focused, according to a statement by the Ministry of Finance, on the reform program of the Iraqi economy and the steps adopted by the Iraqi government towards strengthening financial and banking policy, digital infrastructure, financial inclusion and public debt issues, as well as the measures taken to mitigate the repercussions of international conflicts and their effects on the economy.
During the consultations, the delegation also conducts talks related to a road map towards increasing non-oil revenues and enhancing coordination between Iraq's fiscal and monetary policies, in addition to identifying joint work programs that include the IMF providing the necessary technical and advisory support for economic reform adopted by the Iraqi government in achieving financial and monetary stability, improving the level of financial planning of budgets and the continuity of implementation of important development projects.
The statement pointed out: "The mission of the Fund's experts praised the government measures to improve the business climate and stimulate the investment environment, indicating that Iraq is making progress in the growth of non-oil GDP and strengthening the management of public finances."
The mission stressed the importance of maintaining economic stability and supporting social protection, praising the remarkable progress in maintaining economic and financial stability, represented by low inflation rates, an improved balance of payments, as well as stimulating economic diversification and job creation led by the private sector.
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Iraq is looking to be getting Kudos! Well done Iraq. Many positive indicators have been accomplished.. Perfect timing for this one to come out while Iraq has been in focus at the WTO meetings in the Emirates :flag_ae:!! - MM | | | |
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