AGP Executive Report
Last update: 9 hours agoIMF Support: The Fund says it is ready to provide Iraq with financing and policy advice through a requested program, as Baghdad faces mounting economic pressure. Import Dependence: A prime ministerial adviser says Iraq imports about 95% of its market needs, with private-sector imports costing roughly $50 billion a year; he urged support for local producers and stronger links between trade and agriculture. Trade and Infrastructure: At an OIC meeting in Baghdad, Prime Minister Ali al-Zaidi proposed linking member states’ energy grids, transport networks, digital payments and industrial zones to strengthen trade and resilience. War’s Economic Toll: Iraq estimates the regional conflict has cost it $60 billion, largely through lost oil exports. Crude output has since recovered, reaching an average 4.399 million barrels per day in September. Oil Sector: Iraq’s oil minister called US companies key partners and said the government aims to speed contracts and remove obstacles to energy projects. Bank Oversight: More than 17 billion dinars reportedly went missing from a state-owned bank; the bank’s identity and whether an investigation has begun remain unclear.
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