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Summary of the YouTube Video: "Iqd # Iraq Economy"
In a recent meeting on Monday evening, Iraqi Prime Minister Muhammad Shia Al Sudani hosted U.S. Deputy Treasury Minister Wally Adamo and several officials from the Treasury Department. According to a statement from the Prime Minister's office, the discussion centered on enhancing bilateral economic relations between Iraq and the United States across various critical sectors.
The meeting highlighted the Iraqi government's dedication to economic and financial reform, with a focus on diversifying domestic production and promoting development goals. Key achievements were discussed, including significant advancements in combating money laundering.
Prime Minister Al Sudani noted that Iraq had made substantial progress in financial and banking reforms, with 95% of bank transfers now processed through an electronic platform. He anticipates completing the remaining 5% by the end of the year, after which the country will transition to a correspondent bank system. This aligns with the government's commitment to elevating the capabilities of Iraqi banks to meet international standards and cater to an increasingly robust investment environment.
Deputy Minister Adamo praised Iraq's rapid progress in economic and banking reforms, noting a notable economic growth rate of 6%. He expressed readiness for continued cooperation to foster a bilateral partnership aimed at supporting Iraq's economic development
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