Iraq and IMF Discuss Economic Reforms, Growth Strategy During Washington Meeting
Iraqi Prime Minister Ali al-Zaidi met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Washington on Saturday to review Iraq’s economic outlook and explore opportunities for deeper cooperation between Iraq and the IMF.
According to the Prime Minister’s Office, discussions focused on economic and financial reform programs, sustainable growth strategies, diversification of revenue sources, and reducing Iraq’s long-standing dependence on oil income.
During the meeting, al-Zaidi outlined a series of reforms his government has begun implementing. These include anti-corruption measures, financial and administrative reforms, and broader economic initiatives aimed at creating a more diversified and resilient economy.
The Prime Minister emphasized the government’s efforts to strengthen the private sector, improve the investment climate, attract domestic and foreign investment, and address structural imbalances in Iraq’s balance of payments. He noted that these reforms are intended to reduce reliance on oil revenues while creating new sources of economic growth and employment.
For her part, Georgieva welcomed the reform agenda and expressed support for the steps being taken by the Iraqi government. She reaffirmed the IMF’s willingness to provide technical assistance, policy advice, and expertise to help Iraq develop a comprehensive economic reform framework.
The IMF chief also stressed the importance of identifying clear priorities for the next phase of reforms to ensure long-term economic stability and sustainable development.
The meeting reflects Iraq’s ongoing efforts to modernize its economy, improve public finances, and build a stronger non-oil sector while working closely with international financial institutions to support economic transformation and fiscal sustainability.
