Coordination Framework Discusses Iraq’s Economic Situation and Government Formation

INA

The Coordination Framework's meeting.

Iraq’s Coordination Framework has discussed the country’s financial and economic situation amid the repercussions of the regional war, as well as efforts to complete the formation of the government.

In a statement, the Coordination Framework’s General Secretariat said the group held its 292nd regular meeting at the office of Badr Organisation Secretary-General Hadi al-Amiri, in the presence of Iraqi Prime Minister Ali al-Zaidi, to discuss the latest developments at both the domestic and international levels.

According to the statement, the Prime Minister said at the start of the meeting that discussions on completing the government formation would be finalised this week, paving the way for its submission to the Council of Representatives next week for a vote.

Iraqi Parliament approved Prime Minister al-Zaidi and 14 of the 23 ministers in his cabinet on 14 May 2026.

Nine ministerial posts remain vacant, including several key and contested portfolios such as the Ministries of Interior, Defence, Higher Education, Planning, Culture, Construction and Housing, Labour and Social Affairs, Migration and Displacement, and Youth and Sports.

The Coordination Framework also discussed Iraq’s financial and economic situation in light of the repercussions of the regional war and disruptions to maritime traffic through the Strait of Hormuz.

Iraq, OPEC’s second-largest oil producer, relies on crude exports for around 90% of federal revenues, leaving its finances highly vulnerable to disruptions in the Strait of Hormuz, through which roughly one-fifth of global oil supplies normally pass.

Oil Minister Basim Mohammed Khudair Al-Abadi said Iraq exported around 49 million barrels of crude in July, while daily shipments have averaged approximately 2 million barrels per day since the beginning of August, the highest level recorded since the start of the regional crisis.

On parliamentary affairs, the statement said the Coordination Framework reviewed progress on a number of important and urgent pieces of legislation, most notably the General Budget Law and the Popular Mobilisation Forces Law.



PUKMEDIA