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- TUESDAY, 09-19-2023, PM 12:38
- KARAR AL-ASSADI
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Today, Tuesday, in New York, Iraqi Prime Minister Muhammad Shia al-Sudani informed the US Treasury Undersecretary of the expansion of his government’s work in reducing money laundering operations, while the latter indicated that the confidence of global financial institutions has been restored.
This came during a meeting with Al-Sudani, in New York, after midnight (Baghdad time), with US Treasury Under Secretary Brian Nelson, on the sidelines of his participation in the meetings of the United Nations General Assembly at its seventy-eighth session, according to a statement issued by his office and received by Noon News Agency.
According to the statement, the meeting witnessed a discussion of cooperation mechanisms between Iraq and the US Department of the Treasury, and a review of the government’s priorities in implementing economic and administrative reforms that fall within the government program.
Al-Sudani stressed that the government has taken several measures with the Central Bank of Iraq in implementing financial reform, which is considered a key to economic reform in achieving the government’s goal of moving from a unilateral economy towards a productive and multi-economic economy, where, for the first time, a financial database was created for banking transactions, in a way that achieves confidence. Required in dealings with banks and international banks.
Al-Sudani also pointed out the expansion of the government’s work in reducing money laundering operations at the procedural and judicial levels, by applying the required international standards, and enabling it to achieve real trade that supports the economy towards further development.
Al-Sudani stated that the government supports the private sector through a package of decisions and procedures, in addition to providing it with all necessary facilities in the federal budget for the three years.
For his part, Nelson appreciated the government reforms in the banking and financial sectors, and the government’s success in restoring the confidence of global financial institutions, such as Citibank and JP Morgan, stressing the US Treasury’s readiness to work closely with the Central Bank of Iraq and cooperate with Iraq in the files of financial liquidity and Iraqi commercial bank transfers outside the country. He renewed his country's support for the stability of the Iraqi economy.
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