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The Council of Ministers is studying a decision obligating ministries to provide facilities to support the banking sector
- Time: 2024/09/19 14:27:36
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{Economic: Al Furat News} Prime Minister Mohammed Shia Al-Sudani received today, Thursday, the head of the Private Banks Association, in the presence of a number of directors of private banks.
Al-Sudani was briefed on the problems facing the banking sector in Iraq, pointing out the measures taken by the government to support the private sector in general, and the banking sector in particular, as part of the priority of economic reform in which the government has made advanced progress.
He pointed out that there is no alternative but to have capable Iraqi banks that adopt all financial standards to participate in development and building the country. He also stressed the importance of the Banks Association dealing with government trends and investing in opportunities, explaining the readiness of Arab and foreign banks whose representatives visited Iraq to cooperate with the government in implementing its vision and development plans.
The Prime Minister pointed out the formation of a higher committee to develop treatments for the work of banks, to be in line with the requirements of work in the international financial arena, stressing the Central Bank’s contract with Oliver Wyman Company with the aim of developing the banking and financial sector.
Al-Sudani directed the Banking Association to build balanced relations with financial institutions, Arab banks and investors to support banking work. He also directed the preparation of a draft resolution to be presented to the Council of Ministers, which includes obligating ministries to provide facilities that support the banking sector in Iraq.
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{Economic: Al Furat News} Prime Minister Mohammed Shia Al-Sudani received today, Thursday, the head of the Private Banks Association, in the presence of a number of directors of private banks.
Al-Sudani was briefed on the problems facing the banking sector in Iraq, pointing out the measures taken by the government to support the private sector in general, and the banking sector in particular, as part of the priority of economic reform in which the government has made advanced progress.
He pointed out that there is no alternative but to have capable Iraqi banks that adopt all financial standards to participate in development and building the country. He also stressed the importance of the Banks Association dealing with government trends and investing in opportunities, explaining the readiness of Arab and foreign banks whose representatives visited Iraq to cooperate with the government in implementing its vision and development plans.
The Prime Minister pointed out the formation of a higher committee to develop treatments for the work of banks, to be in line with the requirements of work in the international financial arena, stressing the Central Bank’s contract with Oliver Wyman Company with the aim of developing the banking and financial sector.
Al-Sudani directed the Banking Association to build balanced relations with financial institutions, Arab banks and investors to support banking work. He also directed the preparation of a draft resolution to be presented to the Council of Ministers, which includes obligating ministries to provide facilities that support the banking sector in Iraq.
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