Iraq strengthens economic cooperation with international partners by taking a new step as Deputy Prime Minister and Foreign Minister Fuad Hussein met with European Investment Bank Vice-President Gelsomina Vigliotti. The meeting, held at the EIB headquarters in Luxembourg, focused on expanding development and investment partnerships.
The discussions highlighted global economic trends and their impact on the region. Minister Hussein emphasized Iraq’s economic priorities, including revitalizing financial sectors, empowering private businesses, and reducing dependence on public spending. He confirmed Iraq’s strong commitment to strengthening ties with international financial institutions.
During the meeting, Minister Hussein stressed the importance of finalizing the framework agreement with the EIB. He explained that the agreement would enable joint cooperation on vital projects, infrastructure development, and investment stimulation. Iraq aims to attract sustainable funding to support long-term economic stability and growth.
Vice-President Vigliotti expressed the EIB’s readiness to provide technical advice, financing, and project support. She highlighted that the bank would contribute to projects that promote sustainable development in Iraq once the framework agreement is signed. The EIB plans to collaborate closely with Iraq to ensure successful implementation of development projects.
The meeting marks a positive step in Iraq economic cooperation with European institutions. Officials from both sides discussed potential projects in infrastructure, finance, and private sector development. They agreed to maintain close coordination to accelerate project planning and funding processes.
Analysts noted that stronger ties between Iraq and the EIB could enhance foreign investment confidence significantly. The cooperation is expected to create new jobs, improve infrastructure, foster innovation, and strengthen Iraq’s economic resilience amid regional and global challenges.
Iraq economic cooperation strengthens with the European Investment Bank reflects Baghdad’s strategy to integrate more closely with international financial partners. Both parties aim to finalize agreements and begin practical steps toward joint projects.