Al-Sudani's Participation in UNGA and Banking Reforms
Prime Minister Muhammad Shia Al-Sudani arrived in New York for the 79th UN General Assembly session, involving multiple speeches and sideline meetings.
Key discussion topics include strengthening cooperation, facing global challenges, and affirming commitments.
Sudani's advisor highlights that Iraq's banking system is rentier, heavily reliant on oil resources and government liquidity.
Comprehensive reforms are needed to transition Iraq towards a market economy, with potential assistance from Ernst & Young.
Privatization of two large state banks is anticipated to enable integration with the international financial system.
Al-Sudani announced a higher committee to align Iraqi banks with international financial standards and improve relations with global financial entities.
Previous discussions at the Davos meetings emphasized restoring confidence in the international financial system, spotlighting Iraq’s role.
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