Iraq looks to Egypt as a model

Iraq will follow Egypt’s model on economic reforms as it begins a USD 88 bn reconstruction process after three years of war with Daesh, Iraqi Central Bank Governor Ali Mohsen Al Allaq told Al Shorouk on the sidelines of an international donors’ conference in Kuwait yesterday. It is unclear whether this implies a possible devaluation of the IQD. An Egyptian government delegation led by presidential advisor for national projects Ibrahim Mahlab recently visited Baghdad to discuss Egypt’s role in reconstruction efforts there.