JPMorgan announces its readiness to finance investment projects in Iraq.
JPMorgan announces its readiness to finance investment projects in Iraq.
2025-04-08 03:34
Shafaq News/ A delegation representing JPMorgan Chase expressed its willingness to finance a number of investment projects in Iraq, either directly or through partner financial institutions, on Tuesday.
This came during a meeting between Prime Minister Mohammed Shia al-Sudani and a delegation headed by the bank’s Deputy Director, Daniel Zeljko, on the sidelines of the Iraqi Banking Sector Reform Conference held in Baghdad.
According to a statement issued by Al-Sudani’s media office, the meeting discussed enhancing cooperation in the financial and banking sectors, including the bank’s participation in financing various investment projects. Mechanisms for securing credits and financial transfers and ensuring their delivery to those entitled to them in Europe and the United States were also discussed, which will contribute to improving services provided to Iraqi traders and importers.
The Prime Minister stressed the importance of expanding partnerships between Iraqi banks and JP Morgan, noting the government’s readiness to provide all forms of support to strengthen this relationship.
The JP Morgan delegation expressed its willingness to increase cooperation with Iraq by expanding the number of correspondent accounts opened for Iraqi banks.
shafaq.com
