Iraqi Finance Minister, Mrs Taif Sami Mohammed, along with the Governor of the relevant financial institution of Iraq (CBI), Dr Ali Al-Alaq, participated within the Annual Spring conferences of the world financial institution and the global financial Fund (IMF), held in Washington from 20-23 April 2025.
The discussions centered on international economic challenges, financial stability, and development, as well as different related problems, alongside popular classes, seminars, and aspect consultations.
Minister Sami’s participation started with a meeting with global bank govt Director, Mr Abdulaziz Al-Mulla, in which they discussed Iraq’s economic scenario and the world bank’s function in supporting Iraq’s reform packages, specifically in regions along with revenue maximisation, expenditure manage, digitisation, digital structures, and infrastructure and power tasks.
She also met with Mrs Haila Sheikh Rouhou, nearby vice president for the global Finance agency (IFC), to speak about funding boundaries in Iraq and ways to deal with them. Key tasks under IFC’s supervision in the transportation, power, and international alternate finance sectors have been additionally discussed. Sami highlighted IFC’s potential help for Iraq’s development Fund initiatives, mainly in helping the personal area and agriculture.
additionally, the delegation, led by using Minister Sami, held a excessive-level assembly with Mr Othman Dawani, vice chairman of the arena bank for the center East, to check the financial institution’s funded tasks in Iraq, in particular the rail undertaking. The assembly geared toward overcoming boundaries to challenge execution and making sure timely finishing touch. in addition they discussed future authorities priorities, which includes renewable power, waste control, transportation (inclusive of metro systems), airports, and railways.
Minister Sami participated in a ministerial assembly with IMF managing Director, Mrs Kristalina Georgieva, wherein discussions focused on the global economic outlook, rising uncertainty, and its financial impact. The conversation centered on measures to beautify economic resilience, manipulate debt, and give a boost to economic governance and the non-public area to make certain nearby economic stability.
Mrs Georgieva additionally outlined IMF’s humanitarian help for conflict-affected countries, together with Gaza, Yemen, Syria, and Sudan. She emphasized the need for medium-time period reforms, financial diversification, and the advent of financial buffers to promote monetary sustainability and macroeconomic balance.
The Iraqi delegation additionally met with Dr Mohamed Maait, IMF executive Director, to talk about financial zone reforms in Iraq, and with Mr Jean Keum, IMF’s Iraq venture head, to speak about the authorities’s financial reform program aimed at bolstering both the oil and non-oil sectors at the same time as retaining monetary stability amid worldwide economic demanding situations.
consistent with these conferences, Minister Sami engaged with the IMF’s monetary and Technical Affairs branch to discuss technical support for Iraq’s tax and customs authorities, mainly specializing in automation and criminal amendments to enhance their systems. similarly discussions also covered the of completion of the unified treasury account and assist for Iraq’s pension and social protection systems.
The delegation additionally met with Mr Jihad Azour, Director of the IMF’s middle East and important Asia department, who reiterated the IMF’s commitment to supporting Iraq’s financial, banking, and monetary reform packages.
these annual conferences convey collectively imperative financial institution governors, finance ministers, improvement ministers, non-public quarter leaders, and civil society representatives to discuss global problems, inclusive of the monetary outlook, poverty eradication, and powerful useful resource. The event featured workshops, nearby briefings, and press meetings targeted on international monetary and global development demanding situations.
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