Iraq’s Meaningful Fiscal Reform Before the Revaluation: US is backing Iraq’s shift to program-based budgeting with World Bank support. A new independent investment vehicle backed by $100-150 billion in guarantees has been approved, separate from the traditional general budget. This new vehicle is meant to be cleaner and more focused on actual investment projects (infrastructure, development, etc.). It gives international partners and investors more confidence that their money won’t disappear into the old system Iraq economic reports. The U.S. support is also tied to progress on consolidating state control over weapons by September. Quiet but meaningful fiscal reform that is required before the revaluation of IQD. Release your FUD. (Fear, Uncertainty and Doubt) We’re getting closer. :Ross
