Sudani seeks technical assistance from EBRD to boost banking sector
Sudani seeks technical assistance from EBRD to boost banking sector
2025-01-16 03:49
Shafaq News/ On Thursday, the Iraqi Prime Minister, Mohammed Shia al-Sudani, requested technical assistance from the European Bank for Reconstruction and Development (EBRD) to strengthen and develop the banking sector in Iraq, while stressing that the government has many projects that the bank can contribute to financing, including vital infrastructure projects such as roads, bridges and public transportation.
This came during his reception at his residence in London of a delegation from the European Bank for Reconstruction and Development (EBRD), headed by the bank’s president, Odile Renaud-Basso.
According to a statement by the Prime Minister’s media office received by Shafaq News Agency, Al-Sudani expressed his appreciation for the approval of the bank’s members for Iraq to join it in October of last year, stressing the importance of the partnership with the bank, especially since it includes cooperation in many sectors that the government has placed among the priorities of its government program.
During the meeting, according to the statement, the mechanisms for implementing the agreement signed with the bank, which was previously voted on by the House of Representatives, and the role of the bank in developing the Iraqi private sector were discussed, in addition to discussing opportunities for cooperation in renewable energy projects, including solar and wind energy, to reduce carbon emissions and increase energy efficiency.
The Prime Minister stressed that the government has many projects that the Bank can contribute to financing, including vital infrastructure projects such as roads, bridges and public transportation, especially in areas affected by the conflict, as well as requesting technical assistance from the Bank to strengthen and develop the banking sector in Iraq, pointing out the importance of the Bank President visiting Iraq to explore potential opportunities for cooperation.
During the meeting, it was proposed to establish a joint working group to determine the priorities of the projects in which the European Bank for Reconstruction and Development will participate in Iraq, according to the statement.
shafaq.com
