Al-Sudani affirms Iraq’s commitment to implementing the government’s financial and banking reform program.
Al-Sudani affirms Iraq’s commitment to implementing the government’s financial and banking reform program.
10-7-2025
Baghdad – Mail
Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is proceeding with the implementation of the government’s financial and banking reform program.
Al-Sudani’s office said in a statement received by Mail that “Prime Minister Mohammed Shia al-Sudani received a delegation from KPMG , a global company specializing in auditing and financial consulting, where the company’s cooperation with the Iraqi banking sector was reviewed, as part of the government’s efforts to enhance the transparency of this sector’s work and sustainably improve Iraq’s financial reputation.”
Al-Sudani pointed out, according to the statement, that “banking reform in Iraq has become a model of commitment and trust, and he commended the role played by financial audit firms in establishing governance and professionalism in this sector.” He emphasized that “the government views a strategic partnership with these firms as a way to enhance the credibility of Iraqi state institutions in the eyes of the international financial and economic community.”
The Prime Minister explained that “Iraq is proceeding with the implementation of the government’s financial and banking reform plans, which has contributed to improving the financial rating, increasing the confidence of international partners in Iraqi banks, and achieving significant progress in implementing compliance and anti-money laundering standards, as well as moving towards modern electronic reporting.” He also pointed out “the importance of benefiting from the company’s expertise in structuring government companies and raising their operational efficiency, public debt management issues, and specialized technical and legal consultations in drafting contracts for major strategic projects.”
He affirmed the government’s support for “the steps taken by the Central Bank of Iraq and the Trade Bank of Iraq to continue technical coordination with KPMG to ensure the rapid completion of audit tasks, adherence to international standards, and the timetable for issuing the banks’ final accounts,” emphasizing that “the government considers transparency and financial accountability to be a fundamental pillar in building a modern national economy.”
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