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Al-Sudani: It is not possible to work in any development sector without reforming the banking sector
- Time: 04/17/2024 19:34:19
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{Economic: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani received, at his residence in the American capital, Washington, this evening, Wednesday (Baghdad time), the President of JPMorgan Bank, Masha Klovoksy, and his accompanying delegation.
During the meeting, according to a statement from the Prime Minister’s Office, a copy of which {Al-Furat News} received, “the government’s efforts to implement financial and banking reforms were discussed, in light of the path it is taking towards improving the economic reality and achieving development, in addition to discussing the government’s measures in developing the government banking sector, from During its contract with major international consulting companies specialized in banking reform, and encouraging private banks to open accounts with foreign banks to become correspondent banks, according to a plan aimed at dispensing with the electronic platform at the end of this year.
Al-Sudani stressed, "It is not possible to work in any development sector without reform steps for the banking sector, and the necessity of continuing dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions."
For his part, Klovsky praised the efforts of the Iraqi government in activating, developing and rehabilitating government and private banks, and its procedures in the field of providing assistance to private Iraqi banks, stressing his support for the activities of the Iraq Fund for Development and its readiness to provide expertise and assistance in the field of training, cooperation and partnership.
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{Economic: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani received, at his residence in the American capital, Washington, this evening, Wednesday (Baghdad time), the President of JPMorgan Bank, Masha Klovoksy, and his accompanying delegation.
During the meeting, according to a statement from the Prime Minister’s Office, a copy of which {Al-Furat News} received, “the government’s efforts to implement financial and banking reforms were discussed, in light of the path it is taking towards improving the economic reality and achieving development, in addition to discussing the government’s measures in developing the government banking sector, from During its contract with major international consulting companies specialized in banking reform, and encouraging private banks to open accounts with foreign banks to become correspondent banks, according to a plan aimed at dispensing with the electronic platform at the end of this year.
Al-Sudani stressed, "It is not possible to work in any development sector without reform steps for the banking sector, and the necessity of continuing dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions."
For his part, Klovsky praised the efforts of the Iraqi government in activating, developing and rehabilitating government and private banks, and its procedures in the field of providing assistance to private Iraqi banks, stressing his support for the activities of the Iraq Fund for Development and its readiness to provide expertise and assistance in the field of training, cooperation and partnership.
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