Rafidain Restructuring Decisions.. A Joint Project Between the Central and International Bank, 7 dec

Rafidain Restructuring Decisions.. A Joint Project Between the Central and International Bank

The Governor of the Central Bank of Iraq, Ali Al-Alaq, led extensive discussions on the Rafidain Bank restructuring project in a meeting with the World Bank's Regional Director in Iraq, Emmanuel Salinas.

Al-Alaq confirmed, according to a statement by the Central Bank of Iraq, a copy of which was received by Al-Masry on Thursday, that “the support of the Iraqi Prime Minister in this regard has positively accelerated the progress of the project, to reach 

important stages inIn turn, the World Bank's Regional Director in Iraq explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects.

Project expert Firas Kilani, structuring from Ernst & Young, explained that “the project has made great progress since its inception in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.”The project committee included officials from the Ministry of Finance, the Central Bank of Iraq, the Prime Minister’s Advisor, the Head of the World Bank Mission in Iraq, as well as members of Ernst & Young as an expert auditor and consultant in the restructuring process.