Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, during his meeting with the delegation of the Union of Arab Banks, headed by the Secretary-General of the Union, Wissam Hassan Fattouh, that Iraqi banks are on the right path regarding financial transfers.
At the beginning of the meeting, according to a statement from his office received by Al-Furat News, Al-Sudani welcomed the holding of the Arab Banks Conference in Baghdad, expressing Iraq’s happiness in hosting the Arab conferences, which confirm Iraq’s return to taking its natural position in the region and the world.
The Prime Minister stressed that “the process of financial and economic reform, which was adopted by the government, cannot occur without a solid banking system that is in harmony with the world,” noting that the government has placed this matter within its work of development and reform since its first day, and that Iraqi banks are proceeding today on a The right path in its transactions regarding financial transfers, and that coordination of financial and monetary policy with the Central Bank continues, while preserving the independence of the bank.”
He pointed out that “the policy of clarity, which was adopted by the government, helped in identifying the deficiencies in the banking system and worked to fix them,” noting that the Development Road Project is one of the aspects of economic integration in the region, as His Excellency welcomed the holding of a banking workshop to discuss the role of banks in the project and in establishing… Industrial cities on the path of the road.
For its part, the delegation of the Union of Banks praised the government’s measures to reform the banking sector. As they are clear measures aimed at strengthening and enhancing the work of this sector, the delegation also expressed its appreciation for the government’s steps in supporting the private sector and enhancing its role in sustainable development and international and regional partnerships.
alforatnews.iq
