Al-Sudani directs contracting with two international companies to contribute to raising Iraq's credit rating.

  Al-Sudani directs contracting with two international companies to contribute to raising Iraq's credit rating.

5/19/2025  - Baghdad 

Prime Minister Mohammed Shia al-Sudani chaired a special meeting on Monday to discuss financing private sector projects under the Sovereign Guarantees Initiative.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "the meeting discussed mechanisms to facilitate procedures for achieving industrial development, the work of the Sovereignty Guarantees Committee, and the significant economic shift it has achieved in supporting the private sector, as part of the government's vision to achieve economic reform."

Al-Sudani directed "finding quick solutions to simplify legal and administrative procedures to facilitate the implementation and success of small business lending and sovereign guarantee initiatives, emphasizing the importance of adopting the economic reform approach and its paths to develop projects."

The Prime Minister also directed "contracting with two international companies, one specializing in international law and global economics, to work as an advisor to the Trade Bank of Iraq (TBI), and the other specializing in public relations, to contribute to raising Iraq's credit rating."   LINK