Baghdad – Mil
Finance Minister Taif Sami discussed, on Thursday, with the international audit and supervision company “Ernst and Young” the plan to organize the work and restructuring of Iraqi government banks.
The ministry said in a statement, and responded to “Mail”, that “Sami chaired a meeting at the ministry’s headquarters with the company’s representatives, where a draft was submitted by the audit company on the organization and restructuring of the Rafidain and Al-Rasheed banks, in addition to discussing the proposed plan and the stages of implementation and determining the frameworks of the contract and formulating them in line with the priorities of reform and development.”
According to the statement, Sami stressed, “the importance of benefiting from the expertise of sober international companies such as Ernst & Young in the field of organizing and restructuring financial institutions, as the ministry aims to make Iraqi banks internationally and locally acceptable to provide better services to citizens.”
“The audit firm’s experiences will contribute to improving the efficiency and effectiveness of financial institutions, as the integration and organization of financial institutions are expected to improve the quality of banking services provided and enhance investor confidence in the Iraqi economy,” the statement said.
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