Minister of Finance Meets With World Bank Delegation
Iraq’s Minister of Finance met yesterday with the World Bank delegation for the Middle East and North Africa to discuss cooperation opportunities and economic reform in Iraq.
With a shared vision of economic reform and expansion of major development programmes, Iraq’s visible commitment to streamlining banking procedures to create an attractive environment for investments, enhancing the role of the private sector to reduce imports, and maximising non-oil revenues by automating tax and customs systems and enhancing public treasury resources was at the centre of the discussions.
Minister Mohammed highlighted the leading role of the private sector as a strategic objective in Iraq’s economic development to ensure the resilience of the Iraqi economy, alongside the importance of partnerships with international institutions to advance the national economic landscape.
The World Bank’s International Bank for Reconstruction and Development (IBRD)
and the International Development Association (IDA) have 23 projects in Iraq with a total commitment of $ 6.64 billion dollars including in areas such as infrastructure, health, and transport. link
