2025-05-12T19:50:52+00:00

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Shafaq News/ On Monday, Iraqi Prime
Minister Mohammed Shia al-Sudani called on the International Monetary Fund
(IMF) to expand its support for Iraq’s economic reform agenda.

During talks in Baghdad with IMF Iraq
mission chief Jean-Guillaume Poulain and resident representative Mohammed
Jaber, al-Sudani described the Fund as a “strategic partner” in restoring
fiscal stability and advancing structural reforms.

“Iraq’s progress in financial and economic
management reflects a move toward long-term stability and sustainable growth,”
he stated, urging continued international backing to reinforce reforms and
attract investment.

Meanwhile, Poulain acknowledged
improvements in Iraq’s tax and customs systems and reaffirmed the IMF’s
readiness to provide technical assistance, particularly to strengthen non-oil
revenue generation.

The meeting followed the IMF’s assessment
of Iraq’s economic outlook, which highlighted improved political stability and
a recovery in the non-oil sector since late 2022.

However, the Fund warned of growing
medium-term debt risks and emphasized the need for fiscal discipline and
private-sector-led growth to reduce reliance on oil, which still accounts for
over 90% of government revenues.