Prime Minister Mohammed Shia Al-Sudani chaired on Thursday a meeting on efforts related to the development of the work of the government banking sector, in the presence of representatives of Ernst and Young Audit and Financial Consultancy Company.
A statement from the Prime Minister’s Office, a copy of which was received by {Al-Furat News}, said that “during the meeting, a package of recommendations was presented from the company to proceed with the reform of Rafidain Bank, which included the new legal status of Rafidain Bank, its capital, its work strategy and the new consultant who will work with the bank to meet the global requirements for modern banking, as these recommendations will be submitted to the Ministerial Council for Economy to then submit them to the Council of Ministers for approval.”
“The issue of structuring the Rafidain Bank is the beginning of the government’s banking reforms, which has given special attention to the follow-up of all its reports, submitted by the concerned authorities, especially from the Committee concerned with the restructuring process,” he said.
The Prime Minister stressed “the importance of the banking sector reform project, which started from Rafidain Bank, pointing to working to provide a bank with specifications and standards through which problems can be overcome and give confidence to citizens, in addition to strengthening cooperation with local and foreign investors.”
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