Iraq Reviews Public Debt Management with Oliver Wyman

Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday to review Iraq’s approach to managing and rescheduling public debt, as part of the government’s ongoing financial and economic reform efforts.

The meeting was attended by the Minister of Finance, the Governor of the Central Bank of Iraq, senior financial advisers, and representatives of the international consultancy firm Oliver Wyman, which specialises in financial and economic advisory services.

Officials reviewed approved plans for handling domestic and external public debt, focusing on practical solutions and priority financial measures. The discussions drew on successful international experiences, while taking into account the specific conditions of Iraq’s economy.

Prime Minister Al-Sudani stressed the importance of working with leading international firms to improve debt management and adopt medium-term strategies suited to Iraq’s debt profile, credit rating, and global economic trends. He also highlighted the need for realistic budgeting based on available funding and the government’s ability to implement projects.

The approach to public debt management aims to support economic growth, reduce pressure on the national currency, lower borrowing costs, and protect the credibility of Iraq’s financial system.

The Prime Minister directed the Ministry of Finance, the Central Bank of Iraq, and financial advisers to continue coordination with Oliver Wyman to develop clear implementation frameworks that strengthen Iraq’s economic stability.