🇮🇶💼 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.”
🏦 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?
📅 First-ever 3-year general budget
→ Enables long-term financial planning
→ Boosts local & foreign investor confidence📦 Customs system automation (ASYCUDA)
→ Increased customs revenues
→ Major improvement in tax collection🏛️ Bank Restructuring
→ Al-Rafidain, Al-Rasheed, Industrial, and Agricultural banks
→ Now operating under international advisory guidance💳 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💼 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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