Iraq confirms World Bank’s intention to promote fiscal policy reforms
Finance Minister Taif Sami Mohammed received today, Monday, Winston Cole, Director of the Financial Management Project at the World Bank and members of the accompanying delegation.
“During the meeting, the aspects of relations between Iraq and the World Bank were reviewed, especially in light of the existing cooperation program to complete the implementation of economic reforms adopted by the Iraqi government,” the ministry’s media office said in a statement reported to Mawazine News.
He added that Taif expressed “appreciation for the fruitful partnership between the two sides, stressing the Iraqi government’s keenness to continue it, and the positive climate it provides to all investors and global financial markets on the Iraqi economy, stressing at the same time the determination of the Iraqi government to continue to promote structural reforms related to financial and monetary policies and maximize the role of the private sector in development.”
Cole pointed out that “the World Bank looks forward to continuing distinguished relations of cooperation with Iraq and its support for economic reforms in it, praising the performance of the Iraqi economy and the flexibility and resilience it has shown in the face of negative repercussions caused by global economic fluctuations, stressing the bank’s continuation in strengthening joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work.”
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