The World Bank supports Iraq in its efforts to strengthen economic stability, said Iraq Country Manager Emanuel Munoz. He added that the bank provides technical and advisory support to help the Iraqi government achieve sustainable growth.
Munoz made the remarks during a meeting in Baghdad with Iraq’s Minister of Finance, Taif Sami. They discussed areas of cooperation between Iraq and the World Bank, including programs focused on economic reform and public expenditure system development.
Sami affirmed that Iraq will continue working closely with the World Bank to advance reform initiatives and improve financial management. These efforts, he said, are crucial for long-term economic stability and public sector efficiency. The World Bank expects Iraq’s economy to experience growth following a recent contraction, with potential increases in the coming years.
Jean-Christophe Carret, World Bank Country Director for the Middle East, confirmed the bank’s commitment to helping Iraq meet development goals. He highlighted that sustainable development and strong economic governance are central to the bank’s strategy in Iraq.
Furthermore, the World Bank supports Iraq through capacity-building initiatives. These projects aim to equip government institutions with the tools to manage economic and development challenges efficiently. Such collaboration also fosters transparency, accountability, and informed decision-making across Iraq’s financial systems.
With these programs, the World Bank helps Iraq navigate complex economic conditions, enhance fiscal resilience, and prepare the country for future growth. Officials emphasized that the ongoing partnership will continue to focus on reforms, sustainable development, and economic stability.
The World Bank supports Iraq not only through technical assistance but also by fostering policy dialogue, encouraging reform adoption, and strengthening institutional capacities. These steps aim to secure long-term economic stability and promote inclusive growth throughout the country.
Officials said the World Bank will continue guiding Iraq on reforms, public finance, and sustainable growth, with the goal of ensuring economic stability and strengthening the country’s long-term development framework.
