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Al-Sudani directs government banks to submit a plan within one month to develop their work
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{Economic: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani chaired, this morning, Tuesday, a meeting that included the Minister of Finance, the Governor of the Central Bank and the directors of government banks, during which the work mechanisms and procedures achieved in the administrative and banking reform, which the government has begun to implement, were followed up, and it constituted one of the Action priorities included within the country's comprehensive economic reform.
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- Time: 2023/11/14 13:06:28
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{Economic: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani chaired, this morning, Tuesday, a meeting that included the Minister of Finance, the Governor of the Central Bank and the directors of government banks, during which the work mechanisms and procedures achieved in the administrative and banking reform, which the government has begun to implement, were followed up, and it constituted one of the Action priorities included within the country's comprehensive economic reform.
Al-Sudani directed, according to a statement from his office, a copy of which {Al-Furat News} received, “the directors of all government banks to prepare a plan to be presented within one month, to develop the work of the banks that includes the optimal use of financial, human and technical resources, moving from paper work to automated work, electronic dealing with all banking activities and expanding services.” Electronic payment, developing a comprehensive vision for banks in granting credit facilities and loans, and developing work mechanisms, including control and oversight tools.”
Al-Sudani stressed that “bank managers will be subject to performance evaluation in light of their implementation of the plan and the amount of achievement.”
The Prime Minister stressed, “The real reform that the government was keen to achieve is based on banking reform, and it is determined to take bold decisions in order to implement this reform in a way that contributes to improving the investment environment and developing the work of the public and private sectors.”
The meeting witnessed, according to the statement, “discussing the implementation of the comprehensive banking system, through the use of advanced electronic programs and modern technology in all banking transactions, and discussing the development plan presented by the international company (Ernst & Young) regarding the restructuring of Rafidain Bank, to ensure the development of its business and the provision of a package of services.” Integrated banking for citizens and companies in a manner comparable to international banks. In this regard, the Prime Minister directed bank departments to seek international expertise by contracting with consultants specialized in banking and financial work.”
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