Al-Sudani directs the formation of a team to review legislation that impedes the work of banks

Al-Sudani directs the formation of a team to review legislation that impedes the work of banks

2022-12-25

Al-Sudani directs the formation of a team to review legislation that impedes the work of banksSaturday, Prime Minister Muhammad Shia Al-Sudani stressed the need to adopt a new path for economic reform, and while directing the formation of a team to review legislation that impedes the work of banks, he clarified the most prominent financial and social challenges and crises facing the goal of sustainable development.

Al-Sudani’s office said in a statement that the latter “received a delegation such as the chairmen of the boards of directors of private banks and their representatives, and the Association of Private Private Banks in Iraq, and reviewed the most important basic economic work axes that the government adopts in its curriculum, and also explained the most prominent financial and social challenges and crises facing the goal of development.” problems, most notably the problems of poverty and unemployment.

The Prime Minister expressed his “conviction of the importance of economic solutions, and reliance on them in improving the service and living conditions of citizens,” indicating “the need to adopt a new path for economic reform, through the adoption of the Iraq Fund for Development, which will carry an orientation towards the implementation of projects by the private sector, through Through specialized funds that contribute to development programs.

Al-Sudani pointed out, “The need for an efficient banking sector that enjoys the confidence of citizens, and without it, the government cannot support development and the private sector.”

For their part, bank managers and representatives presented “their visions, problems and proposals, which are in the path of supporting development.”

The Prime Minister directed “to work on facilitating it, and to form a joint team of advisors in the Presidency of the Council of Ministers and private banks, to review legislation that impedes the work of banks, propose investment projects, and develop mechanisms to support private banks and activate their role, in addition to receiving studies and proposals and providing possible solutions.” “.

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