Al-Sudani: Iraq is pursuing a path of reform in the financial and banking aspects
Al-Sudani: Iraq is pursuing a path of reform in the financial and banking aspects
11-07-2023
The Prime Minister, Muhammad Shia Al-Sudani, affirmed, on Tuesday, that Iraq is pursuing a reform path in all financial and banking aspects, aiming to open up to broader horizons for joint action at the international level.
The media office of the Prime Minister said in a statement that Al-Sudani received this morning the Regional Director of the International Finance Corporation, Aftab Ahmed, where the meeting witnessed discussions on aspects of closer financial cooperation between Iraq and the Corporation, and ways to develop partnerships, in a way that enhances the ability of the Iraqi economy to face regional and international challenges. and global crises.
During the meeting, Al-Sudani referred to “Iraq’s adoption of a reform path in all financial and banking aspects,” aiming to “open up broader horizons for joint action at the international level, in a way that develops the local investment environment.”
Al-Sudani stressed that “the International Finance Corporation is a partner in the field of development and encouragement of the Iraqi private sector,” indicating “the government’s aspiration to expedite the completion of the Baghdad International Airport development plan as soon as possible, because it represents a civilized facade for the country.”
Al-Sudani explained, “The government’s desire to cooperate with the Corporation to establish a (Riyada) bank, which aims to support small projects, and what it will provide for job opportunities for young people.”
For his part, Aftab Ahmed expressed “the willingness of the Finance Corporation to cooperate and partner with Iraq,” referring to the projects that will be implemented in Iraq during the next three years.
He also stressed, “The continuation of work on the project to develop Baghdad Airport, and its completion in record time, in addition to the readiness to support the establishment of the (Riyada) bank, support for renewable energy projects in Iraq, and other projects to develop the capabilities of Iraqi youth in the field of information technology and artificial intelligence.”
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