Prime Minister Mr. Mohammed Shia Al-Sudani received, on Monday evening (Baghdad time), the US Deputy Treasury Minister Wali Adimo, and a number of officials in the Treasury Department.
The meeting witnessed, according to a statement from the Prime Minister’s Office, a copy of which was received by {Al-Furrat News}, “discussing bilateral economic relations between the two countries in various vital sectors, reviewing the government’s efforts and plans in economic and financial reform, moving towards diversifying the sources of Iraqi product, and promoting development targets, and practical procedures applied in the field of combating money laundering.”
The Prime Minister stressed that the government has come a long way in the financial and banking reform file, and 95% of bank transfers have been completed through the electronic platform, and less than 5% will be completed at the end of this year, after which the switch will be made to the correspondent banks system, according to the government’s approach and commitment to raising the capacities of Iraqi banks, in line with international standards and meets the need of the thriving investment environment in Iraq.
For his part, Adeimo praised the progress witnessed by Iraq in the field of economic and banking reforms achieved within record time, and the state of economic growth, which reached a total of 6%, which strengthens the government’s efforts in development, expressing readiness to cooperate and work within a bilateral partnership that is in the interest of economic development.
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