Prime Minister: Government to Develop Comprehensive Economic Vision for Iraq by 2050

Prime Minister Ali Falih Al-Zaidi affirmed on Wednesday that the government is moving towards preparing a comprehensive economic vision for Iraq until 2050. His office stated in a communiqué that Prime Minister Ali Falih Al-Zaidi chaired on Wednesday the second session of the Financial Stability Council. During the session, discussions revolved around the general frameworks for the council's work and mechanisms for implementing financial and monetary plans and strategies. The meeting also explored ways to stimulate various economic sectors and enhance their capacity to contribute to economic growth and job creation. Al-Zaidi emphasized, according to the statement, the importance of this council, which will form an effective institutional framework for strengthening coordination and integration between fiscal and monetary policies in Iraq. He clarified that this will contribute to solidifying economic stability, supporting development paths, and enhancing economic growth. He indicated that the government is working on preparing a comprehensive economic vision for Iraq extending until 2050, based on diversifying income sources, promoting investment, and improving resource management efficiency. The statement added that the meeting stressed the necessity of unifying efforts among relevant institutions to ensure financial stability and confront economic challenges. It also highlighted the importance of establishing policies capable of preserving the integrity of the national economy and enhancing its resilience in the face of local and international changes.