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[size=36]The World Bank supports the electronic payment system in Iraq[/size]
Economy | 08:56 - 01/17/2024
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Mawazine News - Baghdad
Today, Wednesday, the World Bank announced its support for the government’s measures in the field of modernizing and developing the banking sector, especially with regard to implementing the electronic payment system.
The Prime Minister's Media Office stated, in a statement received by Mawazine News, that "Al-Sudani, on the sidelines of his participation in the Davos Economic Forum, met with the President of the World Bank Group, Ajay Banga."
The statement added, "The meeting witnessed a discussion of cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government's efforts and strategic plans, towards more investment and development opportunities in Iraq."
He continued, "The two parties reviewed the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform. The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the rehabilitation and development project of Baghdad International Airport."
The statement explained, "The Prime Minister stressed the importance of World Bank reports reflecting, realistically, the new government's policies implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth, and achieve financial stability, in light of the challenges facing the region and the world." .
For his part, Banga praised "the government's measures in the field of modernizing and developing the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system." Supports the electronic payment system in Iraq
The Prime Minister's Media Office stated, in a statement received by Mawazine News, that "Al-Sudani, on the sidelines of his participation in the Davos Economic Forum, met with the President of the World Bank Group, Ajay Banga."
The statement added, "The meeting witnessed a discussion of cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government's efforts and strategic plans, towards more investment and development opportunities in Iraq."
He continued, "The two parties reviewed the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform. The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the rehabilitation and development project of Baghdad International Airport."
The statement explained, "The Prime Minister stressed the importance of World Bank reports reflecting, realistically, the new government's policies implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth, and achieve financial stability, in light of the challenges facing the region and the world." .
For his part, Banga praised "the government's measures in the field of modernizing and developing the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system." Supports the electronic payment system in Iraq
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