The Central Bank establishes a banking relationship with a World Bank program
The Central Bank establishes a banking relationship with a World Bank program
3/9/2019 11:51
BAGHDAD: The Central Bank of Iraq announced the establishment of a banking relationship with the advisory program for the management of reserves (RAMP) of the World Bank, and this relationship included investment in bonds issued.
“The Bank clarifies that through the Department of Investments and Foreign Remittances, a plan has been prepared for cooperation with the World Bank in the management of reserves, and investment in bonds issued in dollar currency, at least $ 300 million,” said a central bank statement received by the Euphrates News Agency.
“The World Bank’s Reserve Management Advisory Program (RAMP) is a platform to advise on the development of asset and reserve management in developing countries and international institutions to enable them to maximize their financial resources.”
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