The Iraqi Government Adopts a Comprehensive Strategic Vision to Bring About Major Economic and Structural Transformations

The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, revealed on Wednesday, May 27, 2026, that Iraq is poised for a decisive transitional phase economically, affirming that recent government directives have laid the groundwork for a new era in the country's financial management philosophy. In official statements, he clarified that assigning the Minister of Finance the duties of Deputy Chairman of the Ministerial Council for Economy reflects a drive to transform the ministry into a sovereign institution dedicated to sustainable planning and long-term policymaking, moving beyond its traditional role. He highlighted the Prime Minister's directives aimed at forging a balanced partnership between the state and the market under the "Iraq Vision 2035" strategy. Furthermore, he noted that the Ministerial Council for Economy will serve as the core hub for institutional reform, steering the transition toward a sustainable economy subject to comprehensive oversight across all productive sectors and financial markets. This approach ensures the independence of the Central Bank while enhancing coordination to achieve financial stability aimed at serving citizens and improving their standard of living.