Iraq and the International Monetary Fund concluded their discussions in the Jordanian capital, Amman, today, Wednesday, making progress in the negotiation path towards a reform program supported by the Fund over the coming years.
Finance Minister Falih Sari stated, at the end of the round of discussions, according to a statement from the ministry received by the News Video Agency, that the talks addressed the establishment of a medium-term reform pathway for the years (2027–2029), which enhances financial sustainability and supports the capacity of the Iraqi economy to face upcoming challenges.
He added: "The reform program aims to improve the performance of public finances in Iraq, alongside establishing a clear monetary framework that helps stabilize monetary policies and enhances their effectiveness and their better reflection on economic activity."
The minister pointed out that: "The discussions covered plans to develop the banking sector, including state and private banks, enhancing the anti-money laundering and counter-terrorism financing system, reforming the electricity sector, and improving governance and combating corruption."
He affirmed the continuation of negotiations at the expert level during the next stage, preparing a joint document between Iraq and the International Monetary Fund that includes a framework for financial reforms and a timeline for their implementation over three years.