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Al-Alaq and the World Bank delegation discuss "banking reform"
- Time: 08/24/2023 18:16:17
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{Economic: Al Furat News} The Governor of the Central Bank, Ali Al-Alaq, received today, Thursday, a World Bank delegation headed by Mr. Farid Belhaj, Vice President of the Bank for the Middle East and North Africa.
A statement by the Central Bank stated, "The meeting discussed the efforts of the Central Bank of Iraq to organize and consolidate external transfers in accordance with compliance requirements and international standards, and to encourage merchants to enter the electronic platform to buy dollars by providing facilities and simplifying tax and customs procedures that the government is making anticipated amendments to."
The statement added, "The meeting also discussed granting small loans through the Riyada Bank, which will be responsible for providing various loans with the support of the Central Bank of Iraq and private banks, and working to establish a loan guarantee company, as well as paying attention to compliance standards and risks to develop the banking sector."
The statement concluded that "the World Bank delegation praised the efforts and procedures of the Central Bank of Iraq at all levels," expressing "its readiness to provide any advice or technical expertise in these areas, and to continue implementing the programs it is working on with the Central Bank."
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The Governor of the Central Bank, Ali Al-Alaq, received today, Thursday, a World Bank delegation headed by Mr. Farid Belhaj, Vice President of the Bank for the Middle East and North Africa.
A statement by the Central Bank stated, "The meeting discussed the efforts of the Central Bank of Iraq to organize and consolidate external transfers in accordance with compliance requirements and international standards, and to encourage merchants to enter the electronic platform to buy dollars by providing facilities and simplifying tax and customs procedures that the government is making anticipated amendments to."
The statement added, "The meeting also discussed granting small loans through the Riyada Bank, which will be responsible for providing various loans with the support of the Central Bank of Iraq and private banks, and working to establish a loan guarantee company, as well as paying attention to compliance standards and risks to develop the banking sector."
The statement concluded that "the World Bank delegation praised the efforts and procedures of the Central Bank of Iraq at all levels," expressing "its readiness to provide any advice or technical expertise in these areas, and to continue implementing the programs it is working on with the Central Bank."
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