top Minister Mohammed Shiaa Al-Sudani has directed the formation of a joint countrywide crew to strengthen Iraq’s economic and economic standing internationally.
The team might be chaired with the aid of the Governor of the critical financial institution of Iraq and consist of representatives from the Ministries of Finance, Oil, and making plans, at the side of specialized financial and monetary institutions, the prime Minister’s workplace, the Securities fee, and representatives of the Iraqi banking region.
Its mandate includes developing an integrated strategy with measurable goals, issuing everyday reports to the relevant authorities, and attractive immediately with leading global credit rating groups Fitch, S&P, and Moody’s to improve Iraq’s sovereign credit score rating. The crew will even consciousness on improving governance, financial threat control, and the commercial enterprise surroundings consistent with the government’s broader monetary reform time table.
The authorities said the initiative reflects its commitment to adopting a comprehensive country wide method geared toward strengthening worldwide self assurance in Iraq’s economic system, attracting both direct and indirect foreign funding, and diversifying profits sources to lessen reliance on oil sales.
