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Iraq approves $2.7b financing package to stimulate economy

Iraq has approved a 3.5 trillion dinar ($2.7 billion) financing package directed by Prime Minister Ali Faleh Al-Zaidi to stimulate its economy. The package aims to finance projects, support real estate, industrial, and agricultural sectors, and settle dues owed to contractors and farmers. This initiative comes amidst significant economic pressures on Iraq, including disruptions to oil exports and declining government revenues.

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