Development: We are ready to cooperate with the Central Bank of Iraq and the US Treasury and clarify the facts.
Development: We are ready to cooperate with the Central Bank of Iraq and the US Treasury and clarify the facts.
10-17-2026
Baghdad-Mail
In light of the statement issued by the US Treasury Department on October 15, 2026, and the accusations it contained against the International Development Bank for Investment and Finance, the bank’s management affirms that it is dealing with this development with the utmost seriousness, responsibility, and transparency.
Throughout its years of operation, the International Development Bank has been committed to building a sound banking institution that contributes to supporting the Iraqi economy and operates under the supervision and control of the Central Bank of Iraq, while adhering to banking legislation, instructions, and approved compliance standards.
While we categorically reject what was stated in the statement, we affirm that the information and claims upon which it was based are incorrect, and we are confident that providing the opportunity to present the necessary facts, documents, and clarifications will contribute to correcting this perception and revealing the true position of the bank.
In this context, we affirm our full readiness to cooperate with the Central Bank of Iraq and the US Treasury Department, and to work through official and legal channels to address this issue, clarify the facts, and defend the bank’s reputation, standing, and the rights of all parties associated with it.
It is important to clarify to our clients and the public that this development pertains to actions taken by the US authorities, and the nature of this matter should not be confused with the bank’s financial position or its ability to meet its obligations. The bank maintains a strong financial position and continues to manage its resources and liabilities responsibly, while taking the necessary steps to address the operational and regulatory implications of this decision.
The bank’s management also assures its depositors and customers that protecting their rights and interests is its top priority, and that it is working in coordination with the Central Bank of Iraq and the relevant regulatory authorities to ensure the continuity of permitted banking services, and to manage liquidity and financial obligations responsibly and transparently, in accordance with applicable laws and instructions.
We also affirm our confidence in the Iraqi state institutions, foremost among them the Central Bank of Iraq, and our commitment to close cooperation with them in a way that preserves the rights of depositors and supports the stability of the Iraqi banking sector.
In conclusion, we thank our customers and partners for their trust, and reaffirm our commitment to keeping them informed of any significant developments through the bank’s official channels.
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