IMF praises positive developments in Iraq in financial and banking aspects
IMF praises positive developments in Iraq in financial and banking aspects
2024 ,November 13
The International Monetary Fund praised, on Wednesday, the positive developments witnessed by Iraq in the financial and banking aspects.
A statement by the Presidency of the Republic received by (Al-Rabia) stated that “President of the Republic, Abdul Latif Rashid, received today, Wednesday, at his residence in the Azerbaijani capital, Baku, the Director of the International Monetary Fund, Kristalina Georgieva, within the framework of His Excellency’s participation in the United Nations Climate Conference (COP29).”
He added, “During the meeting, the cooperation relations between Iraq and the International Monetary Fund and ways to enhance them in the context of supporting the development path in Iraq were reviewed. During the meeting, His Excellency the President of the Republic stressed Iraq’s endeavor to implement integrated programs and plans to stimulate the economy and support the financial and banking reform process.”
Rashid thanked the International Monetary Fund for its efforts to support Iraq’s budget during the crises it faced and overcame, stressing the importance of completing coordination and joint cooperation in order to continue efforts to combat corruption, support investment, and develop the private sector, leading to building a strong, cohesive, and recovering economy.
For her part, Kristalina explained that “the primary mission of the International Monetary Fund is to provide support to countries’ budgets during crises, and this is what the Fund did with Iraq during a difficult period, but it overcame it,” praising “the positive developments that Iraq witnessed in the financial and banking aspects and in the field of stimulating the investment environment, which contributed to a decrease in the inflation rate, growth in the non-oil GDP, and implementation of controls that contribute to combating money laundering.”
alrabiaa.tv
