The Central Bank signs a memorandum of cooperation with the European Union and Germany to enhance financial markets in Iraq
The Central Bank signs a memorandum of cooperation with the European Union and Germany to enhance financial markets in Iraq
2024-12-03 00:24
Shafaq News/ The Central Bank of Iraq announced, on Tuesday, the signing of a memorandum of cooperation between (Frakfurt School) in coordination with the German Agency for International Cooperation (GIZ), the project to strengthen public finances and financial markets in Iraq (FFM), funded by the European Union and the German government.
According to a statement issued by the bank, the memorandum will provide training for the Central Bank of Iraq’s cadres in various specializations, as well as work to obtain accredited professional certificates.
Thus, the Central Bank is the first Iraqi institution to sign a memorandum of cooperation with the Frankfurt School.
For its part, the Iraqi Banks Association explained that this agreement comes within the framework of the project to strengthen public finances and financial markets in Iraq (FFM), which is organized by the German Agency for International Cooperation (GIZ), and funded by the European Union and the German government.
The Association was represented in signing the agreement by the Deputy Executive Director, Ahmed Al-Hashemi, while the Vice President of the Frankfurt University for Administrative and Financial Sciences, Fatima Dirks, represented it, in the presence of the Director of Development and Training at the Central Bank of Iraq, Nizar Rafeh.
Al-Hashemi stressed that this agreement represents a new start for cooperation between the Iraqi banking sector and the German side, noting that it will contribute to the exchange of expertise and transfer of knowledge.
He added that the agreement includes organising joint training courses in both Iraq and Germany in various banking fields, which will greatly benefit the Iraqi banking sector by developing capabilities and competencies.
For her part, Vice President of Frankfurt University for Financial and Administrative Sciences, Fatima Dirks, stressed the importance of this cooperation in enhancing the exchange of knowledge and expertise between the two countries, affirming that the agreement represents a promising step towards a fruitful partnership.
shafaq.com
