Iraq’s public debt management, covering both domestic and external obligations, was reviewed at a meeting focused on financial organisation, scheduling and reform priorities, with the participation of Oliver Wyman, the global financial advisory firm.
The meeting examined detailed plans and programmes for managing public debt, including prioritised financial treatments and reform pathways informed by international best practice, while taking account of the specific characteristics of the Iraqi economy.
The discussion also addressed the adoption of medium-term strategies aligned with the nature of the debt, sovereign credit ratings and relevant global indicators, as well as the importance of preparing budgets based on realistic assessments of available financing and implementation capacity.
The approach to public debt management was framed around supporting economic growth, easing pressure on the national currency, improving borrowing costs and safeguarding Iraq’s financial reputation, through structured stages of diagnosis, improvement and implementation.
The Ministry of Finance, the Central Bank of Iraq (CBI) and financial advisers were instructed to continue coordination with Oliver Wyman to develop practical mechanisms for managing public debt within a disciplined financial framework aimed at strengthening the Iraqi economy.
