Iraqi PM emphasizes economic reforms in state-owned companies

BAGHDAD, January 29 — Iraqi officials are looking to restructure state-owned companies as part of an effort to diversify the economy and bolster non-oil revenues.

Prime Minister Mohammed Shiaa’ Al-Sudani chaired a meeting on Sunday to discuss a government-led reform plan. A readout of the meeting stated the following:

Today, on Sunday, Prime Minister Mr. Mohammed Shiaa’ Al-Sudani presided over a meeting, primarily focused on overseeing the restructuring and organization of government companies.

Starting the meeting, His Excellency emphasized the significance of this undertaking and its pivotal role in economic reform, aiming to establish government companies on sound economic foundations and standards. He underscored that this initiative is fundamental to the strategic objective of enhancing the contribution of non-oil revenues to the national output and income.

The meeting resulted in several decisions outlining general principles for advancing financial and economic reform and the restructuring of companies. These measures aim to fortify the national economy and contribute to its stability.

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