🚀🌍 Iraq and the Path Toward a Major Economic Transformation
📊 In my view, Iraq is continuing to move forward with what appears to be a broad and strategic economic transformation aimed at strengthening the country and reducing long-term dependence on oil revenues.
🛢️ There are ongoing discussions about increasing non-oil revenues significantly, with some reports suggesting targets as high as 45%, which would represent a major shift in economic thinking and structure.
🏗️ At the same time, Iraq is advancing several large-scale national projects, including major infrastructure developments, trade routes, and port expansion initiatives such as the Port of Faw. These projects are part of a broader vision to modernize the country’s economic foundation.
🏦 Financial and banking reforms are also being mentioned as part of this transition, suggesting continued efforts to improve efficiency, transparency, and integration into global financial systems.
💡 From my perspective, what stands out is the direction: Iraq appears to be building multiple pillars for a more diversified economy, combining energy, trade, infrastructure, and financial modernization.
🌍 While the process is complex and gradual, the overall trajectory seems focused on long-term structural change and economic strengthening.
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Mnt Goat
There is much progress being made in the planning for this radical economic transformation to bring Iraq in the direction we all need it to go.
My CBI contact has informed me that meetings are being held to discuss these plans now with the new prime minister, his finance committee and the US Treasury.
Article: “GOVERNMENT ADVISOR: NEW FINANCIAL STRATEGY TO RAISE NON-OIL REVENUES TO 45%”.
This is a huge amount. I especially like it because it gives us a benchmark to go by. We know already that Iraq has lowered already the dependence on oil but only by about 5-10% over the last couple decades. That’s not a lot of progress. So, this is going to be a drastic change, a huge change in thinking for Iraq.
Remember that they are moving ahead with the Development Road project, the port of Faw is already open and the ASCUNDA system it implemented and just needs to finalize districts in Kurdistan for full implementation. So lot’s of the ground work is already laid.We also previously learned about these Financial and Banking reforms and so my opinion is...it too is already mostly done... I will tell you...this can be done quickly if they get serious about it, which it sounds like they are...All we can do is sit back and see what they do.