Iraq: Iraq has achieved a new international milestone in the World Governance Indicators (WGI) report released in December 2024, according to Fitch and Standard and Poor’s, ranking second globally in annual improvement.

According to National Iraqi News Agency, official data showed Iraq’s governance score rose from 29.5 points in 2023 to 32.5 points in 2024. This increase reflects the effectiveness of the government’s financial and administrative reform policies aimed at enhancing transparency and efficiency.

The report highlighted the strongest gains in government effectiveness with an increase of 4.6 points, control of corruption with a rise of 4.3 points, and regulatory quality with an improvement of 4.0 points. There were also broader improvements in accountability, political stability, and the rule of law.

The Ministry of Finance stated that this progress is the result of sustained economic reform efforts, financial digitalization, and the adoption of e-governance principles. This advancement reinforces international confidence in Iraq’s reform trajectory.