Minister of Finance: We are proceeding with preparing the program budget and modernizing banking systems.
Minister of Finance: We are proceeding with preparing the program budget and modernizing banking systems.
2026/06/12
Finance Minister Falih Sari affirmed on Friday the continuation of modernizing banking, tax and customs systems and developing mechanisms for preparing program budgets, while expressing Iraq’s aspiration to benefit from Australian expertise to support development and diversify the economy.
The Ministry of Finance stated in a statement received by Al-Furat News that “the Minister of Finance received the Australian Ambassador to Iraq, Glenn Miles, to discuss ways to strengthen economic relations and expand cooperation in the financial and banking fields between the two countries.”
According to the statement, Sari emphasized “the Ministry’s keenness to develop sound international partnerships and benefit from Australian expertise in supporting sustainable development projects and diversifying the national economy.”
He pointed out that “the ministry is proceeding with updating banking, tax and customs systems, and developing mechanisms for preparing program budgets, in order to enhance the efficiency of financial management and raise the level of institutional performance.”
For his part, the Australian ambassador affirmed his country’s desire to strengthen joint cooperation and exchange experiences, in order to support economic reform efforts and the development of the financial sector in Iraq.
alforatnews.iq
