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Al-Sudani reviews to the President of the World Bank Group Iraq’s steps towards financial and banking reform
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Baghdad today - Baghdad
Today, Wednesday (January 17, 2024), Prime Minister Muhammad Shiaa Al-Sudani reviewed to the President of the World Bank Group, Ajay Banga, Iraq’s steps towards financial and banking reform.
The Sudanese media office stated in a friendly statement to “Baghdad Today” that “Prime Minister Muhammad Shiaa Al-Sudani met, on the sidelines of his participation in the Davos Economic Forum, the President of the World Bank Group, Ajay Banga,” indicating that “the meeting discussed 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 explained, "The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, at the level of financial and banking reform. The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the project to rehabilitate and develop Baghdad International Airport."
According to the statement, the Prime Minister stressed, “The importance of World Bank reports reflecting, realistically, the new government’s policies that were 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, the President of the World Bank Group 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."
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