Economy News – Baghdad
Finance Minister Taif Sami participated in the fourteenth session of the International Religious Management Conference, organized by the United Nations Conference on Trade and Development (UNCTAD), held in Geneva from March 17 to 19, 2025.
Throughout the conference, Sami reaffirmed the Ministry of Finance’s dedication to implementing the recommendations put forth during the event. This commitment aims to enhance Iraq’s financial and economic performance, supporting sustainable development and improving the economic welfare of its citizens.
The Finance Minister characterized the conference as a vital platform for discussing improved debt management strategies and the adoption of sound financial policies. These efforts are integral to bolstering the state’s financial and economic stability. Sami also acknowledged UNCTAD’s efforts in orchestrating this critical gathering, which serves as a venue for sharing best practices and reviewing advancements in debt management.
In addition to the conference activities, Sami conducted discussions with Pribca Cringsan, Secretary-General of UNCTAD. Their conversations focused on potential collaborations between Iraq and the organization regarding debt management and the promotion of sustainable financial practices. Sami highlighted the essential technical assistance provided by UNCTAD to developing nations and expressed Iraq’s ambition to leverage international expertise in this area.
Furthermore, former UNCTAD Director of Economic Affairs, Paulo Genttelone, met with Sami to address current economic challenges and the necessity for adaptable financial policies that foster economic stability. Sami reiterated the Iraqi government’s commitment to integrating international best practices in public debt management, commending the value of European experiences in this domain.
Minister Sami’s participation underscores the Iraqi government’s strategy to enhance public debt management mechanisms and evolve financial strategies aligned with global standards. Additionally, the conference provided a platform for exchanging insights and experiences with representatives from various countries, thus furthering international economic and financial collaboration.
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