Foreign Ministry announces Iraq’s formal accession to membership in the European Bank

Foreign Ministry announces Iraq’s formal accession to membership in the European Bank

2020-10-09

Foreign Ministry announces Iraqs formal accession to membership in the European BankToday, Friday, the Ministry of Foreign Affairs announced that Iraq has officially joined the European Bank.

A statement by the ministry stated that “the relentless efforts of the Ministry of Foreign Affairs, represented by the Embassy of the Republic of Iraq in London and the European Bank for Reconstruction and Development, expressed the approval of the members of the Board of Governors of the Bank for Iraq to join the Council, during the voting process witnessed by the annual meeting of the Board of Governors, which is held in London for the period. 7-8 October 2020. ”

The ministry indicated that “Iraq’s formal accession to the bank’s membership will allow it to benefit from international banking expertise to develop the banking sector, and to obtain technical support and assistance that creates a suitable ground for investment.”

And she continued, “This common achievement has been secured despite the difficult circumstances imposed by the outbreak of the Corona virus on various countries of the world, including Iraq,” noting: “We hope that this step will be a prelude to joint work aimed at strengthening the private sector in Iraq to be able to compete and contribute. In support of sustainable development in the country.

“On this occasion, the embassy appreciates the efforts of the European Bank for Reconstruction and Development, especially the members of the Board of Governors, Secretary General Enzo Kwatruchioch, and the staff of the Secretary General’s office,” the statement said.

burathanews.com