Ali Abdul Rahim al-Aboudi – a researcher specializing in international economic relations
Executive summary
Iraq needs technical cooperation with the IMF and the World Bank more than the need to request borrowing from these two organizations. Technical support should focus on providing consultations and sharing expertise, especially concerning the process of automating tax revenues, implementing e-government, as well as supporting budget transparency and the rule of law.
Iraq should renegotiate with OPEC, specifically with Saudi Arabia on Iraq’s production quota, provided that this is after working to achieve an increase in production capacity to reach (6) million barrels per day.
Accede to the Arab Convention Against Corruption, which aims to strengthen measures to prevent, combat, and detect corruption in all its forms, and all related crimes, prosecute the perpetrators and strengthen Arab cooperation on the Prevention of corruption.
This forum provides a platform for cooperation between Arab countries to be able to recover looted funds in cooperation with international organizations, and the use of financial technology in financial tracking.
The Iraqi government should move towards the consolidation of bilateral relations through the conclusion of bilateral economic agreements in reform areas that Iraq cannot achieve with its capabilities due to lack of experience or lack of funding.
Iraq needs international cooperation in the automation of tax revenues because the country loses up to (50%) of those revenues through opportunities for corruption, and among the countries that have achieved inspiring successes in this area in Singapore.
The government needs to offer projects for the development of airports and ports, the development of the electricity sector, as well as the construction of the oil and gas pipeline system, and the railway system by offering it for investment.
