Iraq taps World Bank, IMF for support on key development projects

By Pune Media On Apr 26, 2025

2025-04-26T09:01:06+00:00

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Shafaq News/ Iraq’s Finance Minister Taif Sami
and Central Bank Governor Ali Al-Alaq held talks with senior officials from the
World Bank and International Monetary Fund during the Spring Meetings in
Washington from April 20 to 23.

The meetings, which gathered senior financial
officials from across the globe, focused on global economic challenges,
financial stability, and development priorities. Discussions related to Iraq
centered on boosting revenues, streamlining expenditures, advancing
digitalization, and accelerating infrastructure, energy, and environmental
projects.

According to a statement from the Finance
Ministry, the Iraqi delegation reviewed barriers to investment, ongoing energy
and transport initiatives, international trade financing, and the progress of
World Bank-funded projects, including a flagship railway development. Talks
also prioritized renewable energy, waste management, metro systems, and airport
expansion.

“Discussions extended to critical sectors such
as education, healthcare, and social protection, alongside reforms to Iraq’s
customs, tax, pension, and social security systems.”

Sami led the Iraqi delegation, accompanied by
Al-Alaq and senior officials from the Ministries of Finance and Planning, along
with Central Bank representatives. They held a series of meetings with World
Bank and IMF leaders to align on the government’s reform agenda.

“The IMF and World Bank expressed readiness to
provide technical support for modernizing Iraq’s tax and customs systems,” the
ministry said.

شاركت وزير المالية طيف سامي في اجتماعات الربيع السنوية لمجموعة البنك الدولي وصندوق النقد في واشنطن (20–23 نيسان 2025)، حيث بحثت فرص الاستثمار ودعم مشاريع النقل والطاقة في العراق.للمزيد: pic.twitter.com/1fLQCn60sL

— Minstry Of Finance Iraq|وزارة المالية العراقية (@MofIraq) April 26, 2025

International officials reaffirmed their
commitment to backing Iraq’s economic reforms, including initiatives aimed at
human development, private sector growth, agriculture, industry, and the
unified treasury account.

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