IMF Discusses Strengthening Iraqi Dinarlink to My FX Buddies Blog
Key discussions included:
- Non-oil GDP growth of 5% in 2024, driven by agriculture expansion and increased public spending, with 3.5% growth expected in 2025.
- Reduced dependence on oil revenues, improving economic diversification and stability.
- Review of actual 2024 expenditures and 2025 revenue forecasts, alongside strategies for deficit financing.
- Public debt strategy update, ensuring fiscal sustainability and investor confidence in government bonds.
- Financial sector reforms, with the IMF stressing the importance of banking modernization to attract foreign capital.
- Expanded collaboration with international correspondent banks to facilitate trade financing.
- Increased use of the Iraqi dinar in major transactions to strengthen the national currency.
