Government delegation discusses with the International Monetary Fund strengthening the strength of the Iraqi dinar, 16 MARCH

SumerianNews Economy


The Iraqi delegation concluded its meetings withBox International Monetary FundWith the participation of the Minister of FinanceSami’s spectrumAnd governorCentral Bank of IraqAli Al-Alak in Amman

And I mentioned Ministry of FinanceIn a statement to Al-Sumaria News, “the meetings focused during the discussions on Iraq’s economic performance and prospects for sustainable growth, where he praisedBoxInternational Monetary Fundprogress made.”

He continued, “The meeting also discussed the growth of non-oil GDP by 5% in 2024, driven by the expansion of the agricultural sector and increased public spending, with a growth expectation of 3.5% in 2025,” pointing to “seeking to reduce dependence on oil revenues, which enhances the diversification and stability of the economy.”

He pointed to “reviewing actual spending for 2024 and revenue forecasts for 2025, along with deficit financing strategies, as well as updating the public debt strategy to ensure financial sustainability and enhance investor confidence in government bonds.”

The meeting touched on “reforms in the financial sector, where he stressedBoxInternational Monetary FundOn the importance of modernizing the banking system to attract foreign capital,” stressing “expanding cooperation with international correspondent banks to facilitate trade financing.”

And renewBox International Monetary FundHis support for the development of Iraq’s fiscal policy, proposing the provision of consultants and experts to helpMinistry of FinanceIn managing public debt and improving the tax system, in addition to increasing the use of the Iraqi dinar in major transactions to strengthen the strength of the national currency.

The meetings reflected the “commitment”Iraqby financial reforms, promoting economic stability and adopting investment-encouraging policies, in line with its strategic partnership withBoxInternational Monetary Fund.”

And I mentionedMinistry of FinanceIn a statement to Al-Sumaria News, “the meetings focused during the discussions on Iraq’s economic performance and prospects for sustainable growth, where he praisedBox International Monetary Fundprogress made.”