2026-06-10T10:58:08+00:00
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Shafaq News-
Baghdad
The Iraqi
government announced Wednesday a September deadline for completing the state
weapons monopoly, to coincide with the scheduled withdrawal of Global Coalition
forces from the country, alongside the establishment of a 150-billion-dollar
international development fund aimed at driving economic stability through
investment.
Government
spokesperson Haider al-Abboudi, speaking at a press conference in Baghdad, said
the deadline is embedded in the ministerial program approved by parliament and
will run concurrently with the conclusion of the coalition’s mission in Iraq.
Read more: What does Iraq’s new government promise?
The Council of
Ministers, he added, has approved the drafting of a program budget in coordination
with the World Bank and the parliamentary finance committee to advance economic
reform.
The development
fund, al-Abboudi clarified in response to a question from Shafaq News
correspondent, is an independent investment vehicle entirely separate from the
state’s general budget. It will draw on contributions from Iraq’s international
partners, with guarantees ranging from 100 to 150 billion dollars, and is
designed to support sustainable economic stability through investment rather
than direct state expenditure.
Al-Abboudi pointed
out that Prime Minister Ali al-Zaidi’s upcoming visit to the United States will
focus primarily on economic matters, while stressing that Iraq maintains
balanced relations with all countries.
On the
Kurdistan Region, the spokesperson said al-Zaidi has directed oil companies
operating in the region to increase production, to generate the financial
outcomes needed to secure public sector salaries and resolve the ongoing fiscal
crisis.