Iraq’s economic reform talks continued in Baghdad as the Finance Ministry held high-level discussions with the European Bank for Reconstruction and Development. The meeting focused on strengthening financial cooperation and improving Iraq’s long-term economic stability.
Finance Minister Taif Sami met with Caterina Hansen, Director of the EBRD, during the official visit on Monday. The head of the Iraqi Fund for External Development also attended the discussions, which focused on reform priorities and development planning.
Officials reviewed several financial and economic issues aimed at improving institutional performance. Both sides discussed ways to enhance government project efficiency and modernize Iraq’s financial management systems.
The Iraq economic reform talks also addressed broader efforts to support sustainable development. Authorities emphasized the need to align financial policies with international standards and improve administrative practices across public institutions.
Minister Sami highlighted the importance of international cooperation in supporting Iraq’s reform agenda. He said technical and advisory support from global institutions could help strengthen economic governance and improve investment conditions.
The European Bank for Reconstruction and Development expressed interest in expanding cooperation with Iraq. The institution aims to support projects that promote economic modernization and private sector growth.
Officials said the partnership could help create a more stable investment environment. Better financial systems may also encourage foreign investment and support Iraq’s efforts to diversify its economy.
Iraq continues to rely heavily on oil revenues, but policymakers are pushing for broader economic reform. Authorities want to reduce dependence on hydrocarbons and strengthen other sectors of the economy.
The Iraq economic reform talks reflect ongoing efforts to modernize financial institutions and improve fiscal stability. Government officials believe stronger coordination with international partners can help accelerate reform implementation.
Experts say cooperation with institutions like the EBRD could improve Iraq’s access to global financial expertise. This may support infrastructure development, banking reforms, and private sector expansion in the coming years.
Analysts also note that sustained reform efforts will be essential for long-term economic resilience. Iraq aims to build a more diversified economy capable of withstanding global market fluctuations and domestic financial challenges.