By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Allaq has reaffirmed the Bank's commitment to addressing climate change and reducing carbon emissions, during his participation in Iraq's first Conference on Carbon Economics. Speaking at the event, Al-Allaq highlighted Iraq's pressing environmental challenges, stating that the country has a unique opportunity to restore […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, met with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to discuss potential cooperation in the development of industrial cities and workforce capacity building in Iraq. The meeting included a presentation by the IFC on its […]
By John Lee. Iraqi Finance Minister, Mrs Taif Sami Mohammed, along with the Governor of the Central Bank of Iraq (CBI), Dr Ali Al-Alaq, participated in the Annual Spring Meetings of the World Bank and the International Monetary Fund (IMF), held in Washington from 20-23 April 2025. The discussions focused on global economic challenges, financial […]
By John Lee. The General Company for Iraqi Railways held a conference on Tuesday evening focused on the expansion and modernisation of Iraq's railway network. The event was attended by the company's Director-General, Dr. Maki Jabir Nasser, representatives from Italian consultancy firm BTP, and international specialised companies participating virtually. During the conference, Dr. Nasser, alongside […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development. Key initiatives and achievements highlighted in the Prime Minister's address include: Implementation of a three-year national budget, enabling long-term planning and strategic […]
By John Lee. An arbitration tribunal has been appointed in the case of Agility Public Warehousing Company K.S.C. v. Republic of Iraq (ICSID Case No. ARB/17/7). Its members are: Sarah Grimmer (New Zealand), President, appointed by agreement of the Parties; Stephen L. Drymer (Canadian), appointed by Claimant; and Dr. August Reinisch (Austrian), appointed by Respondent. […]
By John Lee. Iraq's Ministry of Justice has said it has successfully defended Iraq in a $1-billion international arbitration case filed by Germany's AHG Industry GmbH & Co. KG at the World Bank's International Centre for Settlement of Investment Disputes (ICSID). According to the statement from the Ministry on Tuesday (11th March), the dispute stemmed […]
By John Lee. Iraq's Minister of Finance, Taif Sami, met with Jean-Christophe Carret, the World Bank's representative in Iraq, to discuss strengthening economic and financial cooperation. The discussions focused on strategic projects aimed at stimulating economic growth, creating jobs, and developing infrastructure and human capital. Minister Sami emphasized Iraq's commitment to leveraging technical and financial […]
The World Bank Board of Executive Directors approved a US$18.5 million project to support Iraq's efforts to minimize environment and health risks due to Persistent Organic Pollutants (POPs) and other chemical pollution hotspots and improve livelihoods of local communities. The Integrated Persistent Organic Pollutants (POPs) and Chemical Hotspots Project is co-financed by a US$13.49 million […]
By John Lee. Iraq's National Investment Commission (NIC) held a meeting on Monday with a delegation from the International Finance Corporation (IFC), part of the World Bank Group, to discuss joint cooperation in: Technical advisory services, Project financing support, Business environment improvement, and Capacity-building through training and workshops. NIC's Director General of Relations and Media, […]
By John Lee. The Iraqi Council of Ministers has approved measures to develop and manage airports through public-private partnerships (PPP): The Ministry of Transportation is authorised to engage the International Finance Corporation (IFC), a member of the World Bank Group, to develop investment proposals for the management, operation, and development of Basra, Mosul, Dhi Qar, […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Ousmane Dione, World Bank Vice President for the Middle East and North Africa, to discuss strengthening cooperation and advancing development projects in Iraq. The discussions emphasised initiatives to diversify Iraq's economy, reduce oil dependency, and create employment opportunities, with a focus on private sector […]
