Prime Minister: Forming a team to follow up on reforms in Rafidain Bank

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[size=52]Prime Minister: Forming a team to follow up on reforms in Rafidain Bank[/size]

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Yesterday
, 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, while he directed the establishment of a public company for carbon economics.[/size]
[size=45]A statement from his office stated, “The Prime Minister, and within the framework of his follow-up to the comprehensive reform plan for the banking sector in Iraq, chaired a meeting that included representatives of the international company (Ernst & Young), which specializes in auditing and financial consulting, in the presence of the Minister of Finance, the Governor of the Central Bank, the Director General of Rafidain Bank, and advisors to the President of Iraq.” Ministers.”[/size]
[size=45]He added, “The meeting discussed the plan prepared for banking reform, and starting with government banks, which represent 80 percent of the banking sector in Iraq, and the implementation of the plan to develop Rafidain Bank 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 program.” “Executive.”[/size]
[size=45]He continued, “The international 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, “This 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, modern technology in banking transactions, the optimal use of human and technical resources, and the transition to automated work.”[/size]
[size=45]Al-Sudani directed, according to the statement, “to form a team to follow up on the process of implementing reforms with the company, with specific time frames. He also directed to hold periodic meetings to follow up on the progress achieved in a sequential manner.”[/size]
[size=45]Meanwhile, the Prime Minister directed the establishment of a public company for carbon economies.[/size]
[size=45]Another statement stated, “The Sudanese chaired a special meeting on carbon emissions, attended by the ministers of oil, electricity, and the environment, energy advisors, and specialists in this sector.”[/size]
[size=45]According to the statement, the Prime Minister directed “the establishment of a public company for carbon economics affiliated with the Ministry of the Environment,” instructing “to organize energy contracts in a way that is consistent with the government’s approach to the climate aspect and the changes occurring in it, in accordance with government obligations to address the effects of climate changes occurring due to activity.” Harmful carbon emissions.[/size]
[size=45]He instructed the Ministry of Environment to “oblige ministries and private sector companies to follow specific instructions regarding carbon emissions,” stressing that “the implementation of these instructions must be followed up by the authorities.”[/size]
[size=45]“concerned.”[/size]
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