[ltr]2020.05.13 - 11:57[/ltr]
[size=20]Baghdad - people
On Wednesday, the Central Bank announced the signing of a banking arrangement document with the World Bank to develop the management of its foreign reserves.
The bank said in a statement, "NASS" received a copy of it, (May 13, 2020), that "within the framework of its strategy to develop the management of its foreign reserves in line with current and future developments, the Central Bank of Iraq signed a document of banking arrangements with the advisory program for reserves management affiliated to the World Bank (RAMP) Reserves Advisory & Management Program ".
The statement pointed out that "the document aims to enable the Central Bank of Iraq to obtain technical support through the exchange of knowledge and experience in the field of investment portfolio management based on a performance indicator that helps to maximize financial resources, build human capital through the exchange of knowledge and develop expertise in the field The financial according to the best practices in the field of reserves management. "
The statement noted that "this program was developed by the World Bank in 2000, with the aim of building capacities and providing consulting and asset management services", noting that it is "a meeting place for a network of specialists, and serves more than (70) members around the world, most of whom are from central banks, managing Nearly (2) trillion dollars of sovereign assets. "
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