Al-Zaidi Chairs Council Meeting on Financial Stability
At a Glance
- Second council session held Saturday
- Fiscal and monetary challenges reviewed
- Non-oil revenues and liquidity discussed
- Economic reforms remain a priority
Prime Minister Ali Faleh al-Zaidi chaired the second session of the Supreme Council for Financial and Monetary Stability on Saturday, with officials reviewing Iraq's financial and economic conditions and measures to strengthen coordination between fiscal and monetary policies.
Key Statements and Focus Area
- The council reviewed current economic indicators, financial challenges, and monetary conditions.
- Officials discussed closer coordination between fiscal and monetary policies to strengthen economic stability.
- The meeting examined ways to improve the management of non-oil resources and ensure adequate liquidity.
- Economic and banking reforms were discussed alongside efforts to improve the efficiency of Iraq's financial system.
- The Prime Minister stressed "practical measures" to address financial and monetary challenges and strengthen the economy's ability to respond to changing conditions.
Prime Minister Ali Faleh al-Zaidi chaired the second session of the Supreme Council for Financial and Monetary Stability on Saturday, attended by the heads and directors of relevant government entities and institutions.
The meeting examined Iraq's financial, monetary, and economic situation, including current indicators, challenges, and measures needed to strengthen national economic stability.
The council discussed ways to improve coordination and integration between fiscal and monetary policies.
Officials considered measures aimed at strengthening financial and economic stability while improving the effectiveness of the country's broader financial system.
The council also examined mechanisms to improve the management of non-oil resources and ensure liquidity.
The discussions included support for economic and banking reforms and measures to increase the efficiency of the financial system and create a more sustainable economic environment.
Al-Zaidi emphasized the importance of continued coordination among relevant ministries and institutions.
He called for close follow-up on decisions and recommendations issued by the council and urged the adoption of practical measures to address financial and monetary challenges.
The Prime Minister said such measures should preserve economic stability, strengthen the national economy's ability to respond to changing conditions, and stimulate economic activity, particularly in non-oil sectors.
FYI
The council's latest meeting comes as Iraq seeks to strengthen financial stability while reducing pressure from its dependence on oil revenues. Improving non-oil income, banking-sector efficiency, liquidity management, and coordination between fiscal and monetary authorities remain central to efforts to build a more sustainable economic environment.
Dive Deeper: Handpicked Stories for You
Follow Channel8 for continuous updates:
2 hours ago