[ltr]2023.06.08 - 16:16[/ltr]
Baghdad - Nas
Today, Thursday, Prime Minister Mohamed Shia Al-Sudani received a delegation from JP Morgan Bank, which included the bank's deputy director, Daniel Zeliko, and the director of the bank's private sector group in the Middle East, Ghali Laraki.
A statement by Al-Sudani’s office, which “NAS” received a copy of, (June 8, 2023), stated that “during the meeting, support for the banking sector, the Central Bank of Iraq and the private sector was discussed. International trade, risk management and expansion of non-oil revenues, which represent one of the most important The government's priorities, which it is working on as part of its financial and administrative reform plans.
The Prime Minister referred, according to the statement, to "the role of JPMorgan Bank in establishing the Trade Bank of Iraq (TBI), which is today the commercial banking window of Iraq to the world, stressing that Iraq is on the verge of a large reconstruction movement in all sectors."
Al-Sudani announced, "His government welcomes the opening of bank branches in Iraq, and is fully prepared to provide support to international banks in Iraq, because they represent the basis of the banking system that provides guarantees to investors, and JPMorgan Bank comes at the forefront," calling for "the continuation of support provided to the Central Bank of Iraq and the development of The Industrial Bank to be qualified for development and investment, as happened previously with the Iraqi Trade Bank.
Al-Sudani stressed that "the government is continuing to reform the banking system in Iraq, whether it is related to the public or private sector, correcting the movement of funds and supporting global trade as well as supporting the private sector and stopping money laundering operations by complying with and improving international standards," noting that "the government has set a budget for three years, and it is happening for the first time, and that this budget will support the private sector through the Iraqi Fund for Development, or through agricultural and industrial projects in it.
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