Al-Sudani receives in Washington the Chairman of JPMorgan
4/17/2024
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani stressed the necessity of carrying out reforms in the banking sector in order to achieve development in the country, while pointing out that the government is implementing projects that will achieve sustainable development.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani received, at his residence in the American capital, Washington, the President of JP Morgan Bank, Mr. Masha Klovoksy, and his accompanying delegation, and during the meeting, the government’s efforts in implementing financial and banking reforms were discussed.” In light of the path it is taking towards improving the economic situation and achieving development, in addition to discussing the government’s measures to develop the government banking sector, through its contracts with major international consulting companies specialized in banking reform, and encouraging private banks to open accounts with foreign banks to be correspondent banks, according to A plan aims to dispense with the electronic platform at the end of this year.”
Al-Sudani stressed, according to the statement, that "it is possible to work in any development sector without reform steps for the banking sector, and the necessity of continuing the dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions."
For his part, Klovsky praised "the efforts of the Iraqi government to activate, develop and rehabilitate government and private banks, and its procedures in the field of providing assistance to private Iraqi banks," stressing "its support for the activities of the Iraq Fund for Development and its readiness to provide expertise and assistance in the field of training, cooperation and partnership."
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