Iraq focuses on developing financial markets to strengthen the economy, and experts see this as essential. The Central Bank of Iraq (CBI) highlighted that modern markets can support investment, create jobs, and enhance economic resilience. Leaders emphasized that Iraq must adapt quickly to global financial and technological changes to remain competitive. As a result, Iraq develops financial markets to attract new investment and boost economic stability.
At a conference in Baghdad, Ali Mohsen Al-Allaq, Governor of the CBI, stressed that traditional economic models no longer meet the country’s needs. Rapid global shifts in finance and technology require flexible institutions. Digital tools can enhance transparency, improve banking services, and encourage investment. Iraq develops financial markets by embracing innovation and modern strategies to keep pace with these transformations.
The central bank reviewed recent achievements, particularly in maintaining monetary stability. Government bond issuances over the past two years have provided about IQD 5 trillion annually, covering more than half of budget financing. These bonds, issued in cooperation with the Ministry of Finance, the Iraq Securities Commission, and the Iraq Stock Exchange, help mobilize domestic resources and strengthen the national economy. Officials emphasized that expanding financial instruments and improving transparency will further support sustainable growth.
Governor Al-Allaq explained that the global economy now measures strength not only by resources but by the ability of financial markets to adapt. Markets must absorb shocks, mobilize savings, and channel funds into productive investment. Iraq develops financial markets to ensure the economy can respond to shocks and attract both domestic and technology-driven foreign investment. He stressed that ignoring these opportunities could slow progress and weaken growth potential.
The CBI also highlighted the digital revolution’s impact over the past two decades. Digitization enables faster trading, more efficient banking services, and greater investment opportunities. Leaders encouraged institutions to adopt modern strategies, expand financing tools, and align with global trends. By doing so, Iraq develops financial markets that are transparent, innovative, and ready to support long-term growth.
In conclusion, Iraq develops financial markets as a strategic priority. Authorities focus on stability, transparency, digital adoption, and expanded financing instruments. These efforts aim to attract investment, support the budget, and ensure the economy grows sustainably. Iraq’s future depends on resilient, modern, and adaptive financial markets.