🇮🇶💼 Baghdad Confirms: Iraq Fully Committed to Economic & Banking Reforms

🇮🇶💼 Baghdad Confirms: Iraq Fully Committed to Economic & Banking Reforms

“This Is a Turning Point in Iraq’s Economic Development” – PM Advisor

📍 LIVE FROM WASHINGTON, D.C. – On the sidelines of the IMF and World Bank meetings, Iraq’s government is making bold declarations:

👉 Prime Minister Saleh Mahoud Salman’s advisor confirmed Iraq’s full commitment to implementing comprehensive economic and financial reforms.

“Banking reforms currently being worked on constitute a turning point in Iraq’s economic development.”

Read also: FIREFLY REPORT: 🔍 Iraq Currency Insider Talk: Zero Drop, Basket Peg & Real Rate Incoming! 💸🇮🇶

🏦 Banking Reform: At the Center of Iraq’s New Strategy

🔹 Iraq sees the banking sector as a pillar of national reform
🔹 The Central Bank of Iraq is working alongside global consultants like Oliver Wyman
🔹 Iraq is raising its banking standards to compete internationally
🔹 Goal: Create a strong, modern financial system

💬 “The government is continuing to implement strategic banking reforms... aimed at enhancing competitiveness and raising banking efficiency.”

📊 What Are the Key Reforms?

1. 📅 First-ever 3-year general budget
   → Enables long-term financial planning
   → Boosts local & foreign investor confidence

2. 📦 Customs system automation (ASYCUDA)
   → Increased customs revenues
   → Major improvement in tax collection

3. 🏛️ Bank Restructuring
   → Al-Rafidain, Al-Rasheed, Industrial, and Agricultural banks
   → Now operating under international advisory guidance

4. 💳 Financial Technology Expansion
   → Digital payments are booming
   → Financial inclusion jumped from <10% to over 40% in just 2 years!
   → Praised by the World Bank & IMF

5. 💼 SME Support
   → New financing programs for small & medium businesses
   → Job creation and economic stimulation underway

🧭 Where Is This Headed?

🧠 Iraq’s message is clear:

“We’re no longer surviving. We’re transforming.”

🔗 Strong cooperation between:

• Government

• Central Bank

• Global consultants

• Local & international institutions

💥 The reform path isn't just being discussed — it’s already being implemented.
The future of Iraq’s economy is being built now.

🔚 Final Thought:

Iraq is not waiting for change.
It’s leading it.
And with bold reforms, a digital push, and serious foreign partnerships, the foundations of a new economic Iraq are being laid — brick by brick, byte by byte. 💻📈

Are you paying attention yet?

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