Iraq is taking new steps to improve how the world sees its economy and financial strength.
Recently, Iraq’s national team and its technical committee for sovereign credit ratings held a joint meeting to talk about ways to raise the country’s credit rating. The meeting was led by Ali Mohsen Al-Alaq, the Governor of the Central Bank of Iraq, and included Mudher Mohammed Saleh, an adviser to the prime minister and head of the technical committee. Experts from government ministries, the private sector, and the consulting firm Oliver Wyman also took part.
The main focus of the meeting was how Iraq can strengthen its sovereign rating by working closely with major global rating agencies like S&P, Fitch, and Moody’s.
Participants talked about the key areas that rating agencies look at when judging a country’s financial health. These areas included the strength of government institutions and public finances, how solid the country’s monetary system is, the structure of the economy and its growth potential, political conditions and risks, and overall governance and stability.
Another big topic was data. The group stressed the need for a strong and reliable economic and financial database that clearly shows Iraq’s reform progress, its institutional abilities, and its future opportunities. They also emphasized that this data must be practical and easy for international agencies to understand and use.
The meeting also highlighted how important it is for Iraq to stay in regular, direct contact with global rating agencies. Building trust, improving communication, and making sure both sides fully understand each other were seen as key steps toward lasting improvements in Iraq’s credit rating.
These discussions are part of a wider government effort to boost global confidence in Iraq’s economy. Back in September 2025, the government announced the creation of a national team focused specifically on improving Iraq’s credit rating, bringing together experts from different economic sectors to support stronger financial stability and future rating upgrades.
In simple terms, Iraq is organizing, coordinating, and planning carefully to show the world it is serious about economic reform and long-term stability.
