Ministry of Finance: Iraq achieved the second highest improvement in government globally
The Ministry of Finance announced on Tuesday that Iraq has achieved the second highest improvement globally in international governance indicators. The ministry stated in a statement that “Iraq has achieved a new international achievement within the World Governance Indicators (WGI) report issued in December 2024, according to Fitch and Standard & Poor’s agencies, as Iraq recorded the second highest improvement globally on an annual basis, reflecting the success of the reform steps adopted by the government in state institutions.”
She also noted that “official data from global indicators revealed a tangible improvement in Iraq’s global governance scores, which rose from 29.5 points in 2023 to 32.5 points in 2024. This increase represents a positive indicator of the effectiveness of the financial and administrative policies adopted to enhance transparency and efficiency.”
She also explained that “according to the report, the largest annual gains were concentrated in three vital sectors: Government efficiency: which increased by (+4.6 points), Anti-corruption: which made progress by (+4.3 points), Regulatory quality: which increased by (+4.0 points).”
She explained that “progress was not limited to administrative aspects only, but governance indicators pointed to a remarkable and comprehensive improvement in several key areas, which enhances the confidence of the international community, donors and investors in the Iraqi environment, namely: freedom of expression and accountability, political stability and absence of violence, efficiency of government performance, in addition to organizational quality, the rule of law and combating corruption.”
The report also noted that “this remarkable progress is a result of the commitment to the economic reform program, working to automate financial procedures and strengthen the principles of e-governance, as well as continuing efforts to maintain this positive outcome in a way that serves the supreme national interest and enhances Iraq’s position in international indicators.”
Burathanews.com