- Today 13:49
Today, Monday, Prime Minister Muhammad Shiaa Al-Sudani directed the formation of a team to follow up the process of implementing reforms in the Rafidain Bank.
The Prime Minister’s Media Office stated in a statement received by the Al-Ma’louma Agency, that “Prime Minister Muhammad Shia Al-Sudani, and within the framework of his follow-up to the comprehensive reform plan for the banking sector in Iraq, chaired this morning a meeting that included representatives of the international company (Ernst & Young), which specializes in auditing.” And financial consultations, in the presence of the Minister of Finance, the Governor of the Central Bank, the Director General of Rafidain Bank, and advisors to the Prime Minister.
He added, "The meeting discussed the plan prepared for banking reform, and starting with government banks, which represent 80% of the banking sector in Iraq, and the implementation of the Rafidain Bank development plan will begin as a first stage, within a studied reform process, which falls within comprehensive economic reforms that constituted a priority for the government in its executive program." ".
He continued, "The global company (Ernst & Young) presented its vision and the axes of the plan it developed to reform the Rafidain Bank, which requires eight months to be implemented, and includes a comprehensive review and evaluation of the bank's work, and carrying out structural administrative reforms, which include providing a package of integrated banking services to citizens and companies, including... “It will contribute to achieving a bank capable of meeting the requirements of the global banking situation. The reforms will also include the adoption of advanced electronic programs and modern technology in all banking transactions, the optimal use of human and technical resources, and the transition to automated work.”
According to the statement, the Prime Minister directed "the formation of a team to follow up on the process of implementing reforms with the company, with specific time frames. He also directed that periodic meetings be held to follow up on the achievements achieved in a sequential manner." Ended/25
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