After 2003, Iraq underwent a profound political and economic transformation, accompanied by various challenges, including the burden of accumulated external debt. The post-regime government restructured Iraq’s debt within the framework of the ‘Paris Club’ and through bilateral negotiations with creditor countries. The debt rescheduling aimed to alleviate the financial burden and reintegrate Iraq into the global financial system, but this process was conditional upon implementing economic and political reforms. External political factors played a crucial role in debt rescheduling. Decisions regarding rescheduling were influenced by the political motives of major powers seeking to achieve strategic gains in Iraq. Additionally, the United States and its partners imposed conditions related to reconstruction, regional stability and the safeguarding of their strategic interests in the post-war era. These political interventions affected the course of the economic process and sparked discussions about national sovereignty and the influence of external powers in shaping Iraq’s economic policies. The study, conducted through a descriptive–analytical method, concluded that the rescheduling of Iraq’s debt was more than just an economic process; it reflected the deep interconnection between international politics and economics in the context of rebuilding a post-conflict state.
