IRAQ — Iraq Fails to Collect Trillions in State Revenue, Struggles with Foreign Loans

A new regulatory report indicates that 26.435 trillion Iraqi dinars (approx. $20 billion) in owed revenues and profits from state-owned enterprises had not been transferred to the national treasury as of the end of 2025. The report also highlighted the Iraqi External Development Fund's difficulties in collecting outstanding sovereign loans from several countries, including Yemen, Somalia, and Tanzania. These findings underscore significant fiscal management and governance challenges facing the Iraqi state.