Iraq’s Investment Landscape and Debt Trajectory Under Prime Minister Mohammed Shia Sudani
On Saturday, Technical Adviser to Prime Minister Mohammed Shia Sudani, Muhammad Sahib Al-Daraji, revealed significant insights regarding Iraq’s economic position. The current volume of investments in Iraq has reached approximately $60 billion, reflecting the government’s commitment to stimulate economic growth through foreign and domestic investments.
Decline in External Debt
Al-Daraji also highlighted a notable development in Iraq’s fiscal management—the decline in external debt. This reduction is a critical indicator of the country’s efforts to stabilize and improve its economic framework, ultimately contributing to a more favorable investment climate.
The presentation of these key figures not only underscores the government’s ongoing reforms but also signals a cautiously optimistic future for stakeholders and potential investors looking at the Iraqi market.
In summary, the insights shared by Al-Daraji not only emphasize the substantial investment figures but also showcase the progress being made towards managing the nation’s external debt, positioning Iraq as a viable destination for investment opportunities in the region.