Faced with threats from terrorism and low oil prices, the world community is ready to help, but Iraqis make take initiatives, the U.N. secretary-general said.

U.N. Secretary-General Ban Ki-moon joined the heads of the World Bank and the Islamic Development Bank in expressing solidarity with Iraqi leaders struggling to ensure financial and national stability. From Baghdad, the secretary-general said he was calling on regional and international partners to help support a threatened Iraq, though the Iraqis themselves needed to take responsibility to resolve crises.

"These reforms must include measures to empower women and young people, and to bring [about] greater social cohesion," Ban said in a statement.

Iraq's $200 billion economy is one of the largest in the Middle East, though several decades of conflict have taken on a toll on state infrastructure, while the recent collapse in crude oil prices has strained its financial coffers.

The International Monetary Fund more recently warned Iraq is facing twin economic shocks in the form of the national security threat posed by the Islamic State terrorist group and the steep decline in crude oil prices.

Conflict, the IMF warned, was hurting Iraq's non-oil economy because of trade disruptions, a loss of investor confidence and the destruction of infrastructure.

The World Bank, meanwhile, said Iraq "needs to put its economic house in order" by reforming state-owned enterprises, enacting more even distribution of oil revenues and addressing chronic shortages of electricity.

"Through demonstrating a commitment to such real changes, we hope Iraq can find the support it seeks to relieve its immense fiscal pressures in the light of significantly reduced oil prices," World Bank President Jim Yong Kim said.

Iraq lawmakers give PM until Thursday to reshuffle cabinet
Baghdad (AFP) March 28, 2016 - Iraq's parliament gave embattled Prime Minister Haider al-Abadi until Thursday to present a cabinet of technocrats as Shiite cleric Moqtada Sadr expanded his protest movement for reform.

Sadr himself spent the night camping in the Green Zone while thousands of his supporters continued a 10-day-old sit-in outside the gates of the fortified area in central Baghdad.

"Parliament is the legitimate representative of the people and it declared that Thursday is the final deadline for the government to present a new ministerial line-up," the speaker's office said in a statement on Monday.

Sources in parliament told AFP that 170 lawmakers out of 245 present voted in favour of the deadline.

"If Abadi fails to present his new cabinet, he must be present in parliament on Saturday to explain why," said Haidar al-Mutlaq, an MP from the State of Law bloc.

Abadi has promised to reshuffle the government by replacing party-affiliated ministers with technocrats, a move meant to help tackle corruption and Iraq's massive budget crunch.

The premier has faced resistance from ministers within his own Shiite bloc who are reluctant to give up their positions and attendant privileges.

Abadi already faces pressure from the street in the shape of the sit-in by Sadr's supporters at the gates of the Green Zone, which is home to his office, parliament and several large Western embassies.

Sadr had warned that his supporters would storm the Green Zone if Abadi failed to present a line-up of technocrats.

But buying Abadi a little more time, Sadr entered the Green Zone alone on Sunday, asking his supporters to remain outside the perimeter.

The Sadrist movement also staged protests in the holy Shiite city of Najaf, where Sadr is usually based, as well as in Basra, Hilla and Kut.

"This demonstration is a message to the leaders from the Green Zone, telling them that Sadr represents all Iraqis," said Hadi al-Denienawi, the head of Sadr's office in Najaf.

Falah Mohammed Hassan, 47, was among thousands who demonstrated in the southern port city of Basra.

"The aim of this protest is to call for change and reforms. The only thing we will accept is a cabinet of technocrats, we will topple all the corrupt and make them accountable," he said.

Many leading Iraqi politicians live inside the Green Zone, a sprawling area the US army sealed off after invading Iraq in 2003.

The restricted zone is now seen as an egregious symbol of the privileges enjoyed by the ruling elite and the corruption that has stunted the development of the oil-rich country.

The scion of an influential clerical family from the holy city of Najaf, Sadr first made a name for himself at the age of 30 as a vociferous anti-American cleric who raised a rebellion.

His influence ebbed after the 2011 US pullout but he retained strong support among the lower classes and is now casting himself as the champion of the fight against graft.