JPMORGAN STRENGTHENS COOPERATION WITH IRAQ BY INCREASING CORRESPONDENT ACCOUNTS AND PROJECT FINANCING
JPMorgan Chase announced its readiness to expand cooperation with Iraq by increasing the number of correspondent accounts opened for Iraqi banks, in addition to financing a number of important investment projects.
Al-Sudani’s media office stated in a statement received by {Euphrates News} that “Prime Minister Mohammed Shia al-Sudani received a delegation from JPMorgan Chase, headed by the bank’s Deputy Director, Daniel Zelikow, on the sidelines of the Iraqi Banking Sector Reform Conference held in Baghdad.”
He added, “During the meeting, they discussed enhancing cooperation in the financial and banking fields, and the bank’s participation in financing various investment projects. They also discussed mechanisms for securing credits and financial transfersand ensuring their delivery to those entitled to them in Europe and the United States. This will contribute to improving services provided to Iraqi traders and importers.”
He stressed “the importance of expanding the scope of partnership between Iraqi banks and JP Morgan,” noting “the government’s readiness to provide all forms of support to strengthen this relationship.”