Parliamentary Finance calls on the World Bank to develop the Iraqi banking system
Parliamentary Finance calls on the World Bank to develop the Iraqi banking system
02-27-2024 | 04:05
Alsumaria News – Economy
The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, called on Tuesday, the International Monetary Fund and the World Bank to provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres, to develop the Iraqi banking system.
The media office of the Presidency of Parliament said in a statement received by “Al-Sumaria News”, “The Chairman of the Finance Committee, Atwan Al-Atwani, participated via closed circuit television, in the deliberative meeting of the International Monetary Fund regarding the financial and economic situation in Iraq.”
The office added, “Al-Atwani provided a briefing on the financial and economic situation and the items and programs included in the tripartite budget law for the years (2023-2025) that are consistent with the government program to advance various sectors, activate the private sector, encourage investment, and support investors, in order to achieve sustainable development.”
According to the statement, Al-Atwani stressed that “approving the tripartite budget gave the government great flexibility in terms of contracting, implementing projects, and attracting foreign companies to implement major projects,” pointing out that “the Finance Committee, through monitoring spending and financing and implementing plans and programs, seeks integration between the legislative and executive authorities.” Because we want this government to succeed, especially since it is taking steady steps towards achieving the people’s aspirations.”
The Chairman of the Committee indicated that “the National Service Government is serious about moving the wheel of economy and development and has ambitious programs to advance various productive sectors and maximize non-oil revenues, to leave the state of excessive dependence on oil in forming the general budget.”
Al-Atwani called on the International Monetary Fund and the World Bank to “provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres, to develop our banking system, especially as we are moving towards activating the digital financial dealing system and automating taxes, customs, and other service sectors that generate financial revenues for the state.”
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