The finance minister told Baghdad reporters that the economic situation in Iraq was good today, "and on our last visit to the World Bank we did not apply for a loan. Our relations with the International Monetary Fund are good and the fund has supported our reform policy, including changing the dollar exchange rate."
The finance minister said that "about $200 billion of Iraqi money was smuggled out of the country due to corruption, and it is not easy to collect that money, and we started a dialogue with the neighboring countries that received our money." 

The Iraqi minister noted that Iraq's foreign debt amounts to about $50 billion, and that the debt, under the Paris Club agreement, has been reduced after Iraq paid many of its creditors.

And in the middle of the month, Iraq signed contracts with foreign oil companies to drill 131 new oil wells and upgrade dozens of oil fields currently producing in the provinces of Kirkuk, Baghdad, Basra, Meissan and Nasiria in the north, center and south of the country. These contracts were signed as part of a long-term plan to increase Iraq's crude oil production capacity to 8 million barrels per day by the end of 2027.