Economy News _ Baghdad
Prime Minister Mohammed Shia Al-Sudani confirmed on Tuesday that the government has come a long way in the file of financial and banking reform.
The Prime Minister’s Information Office said in a statement received by “Economy News” that “Prime Minister Mohammed Shia Al-Sudani received US Deputy Treasury Minister Wali Adimo, and a number of officials in the Treasury Department.”
He added that “the meeting discussed bilateral economic relations between the two countries in various vital sectors, review the government’s efforts and plans in economic and financial reform, moving towards diversifying Iraqi sources of output, 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, pointing out that “less than 5% will be completed at the end of this year, after which the transition to the correspondent banks system will be carried out, according to the government’s approach and commitment to raising the capacities of Iraqi banks, in line with international standards and meet the needs 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 a record time, and the economic growth situation, which has 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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Added 2024/09/24 – 10:00 AM
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