Baghdad-INA
The International Monetary Fund confirmed on Wednesday that Iraq is making progress in non-oil GDP growth.
A statement from the Ministry of Finance received by the Iraqi News Agency (INA) said: “The Iraqi delegation, headed by Finance Minister Taif Sami Muhammad, held discussions with International Monetary Fund experts within the framework of the Article IV consultations, held in the Jordanian capital, Amman, during the period from 27- 29 February.”
According to the statement "The discussions focused on the reform program for the Iraqi economy and the steps adopted by the Iraqi government towards strengthening financial and banking policy, digital infrastructure, financial inclusion, and public debt issues, in addition to the measures taken to mitigate the repercussions of international conflicts and their effects on the economy."
"The delegation, during the consultations, held discussions related to a road map towards increasing non-oil revenues and enhancing coordination between financial and monetary policies in Iraq, in addition to defining joint work programs that include the IMF providing the necessary technical and advisory support for the economic reform adopted by the Iraqi government “In achieving financial and monetary stability, improving the level of financial planning for budgets, and continuing the implementation of important development projects.”
For its part, the Fund's expert mission praised "the government measures to improve the business climate and stimulate the investment ambience," noting that "Iraq is making progress in the growth of non-oil domestic product and strengthening public financial management."
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