Mazhar Saleh: Iraqi Banking Reform Needs To Enhance Transparency And Governance
Time: 2025/02/22 11:47:07 Read: 1,290 times {Economic: Al Furat News} The Prime Minister's Advisor for Economic Affairs, Mazhar Muhammad Salih, confirmed today, Saturday, that banking reform in Iraq requires enhancing transparency and governance in the banking sector.
Saleh said in a statement to {Al Furat News} agency, "The operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the local banking sector, which necessitates the need to provide great protection for Iraqi banks."
He pointed out that
"the reform process must ensure that Iraqi banks are provided with the best transparency and governance tools, in addition to adopting the necessary applications to confront various risks and comply with international banking rules."
He added, "These measures are what everyone is looking forward to in the near future, to achieve stability and growth of the Iraqi banking sector and integrate it effectively into the international banking market." LINK