Al-Sudani directs government bank managers to submit a plan within a month to develop their work
Al-Sudani directs government bank managers to submit a plan within a month to develop their work
2023-11-14 02:07
Shafaq News/ On Tuesday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani directed the directors of government banks to submit a plan within one month to develop the work of the banks.
His media office said, in a statement received by Shafaq News Agency, that Al-Sudani chaired, this morning, a meeting that included the Minister of Finance, the Governor of the Central Bank and the directors of government banks, during which the work mechanisms and procedures achieved in the administrative and banking reform, which the government has begun to implement, were followed up and formed. One of the work priorities included within the country’s comprehensive economic reform.
The statement added that Al-Sudani directed the directors of all government banks to prepare a plan to be presented within one month, to develop the work of banks that includes the optimal use of financial, human and technical resources, moving from paper work to automated work, electronic dealing with all banking activities, expanding electronic payment services, and developing a comprehensive vision for banks. In granting credit facilities and loans, and developing work mechanisms, including control and oversight tools.
The statement quoted Al-Sudani as confirming that bank managers will be subject to performance evaluation in light of their implementation of the plan and the amount of achievement.
The Prime Minister stressed that the real reform that the government was keen to achieve is based on banking reform, and it is determined to take bold decisions in order to implement this reform in a way that contributes to improving the investment environment and developing the work of the public and private sectors.
The meeting witnessed a discussion of the implementation of the comprehensive banking system, through the use of advanced electronic programs and modern technology in all banking transactions, and a discussion of the development plan presented by the international company (Ernst & Young) regarding the restructuring of Rafidain Bank, to ensure the development of its business and the provision of a package of integrated banking services to citizens. And companies, similar to international banks. In this regard, the Prime Minister directed bank departments to seek international expertise by contracting with consultants specialized in banking and financial work.
shafaq.com
