{Economic: Al-Furat News} Prime Minister Mohammed Shia Al-Sudani chaired, on Tuesday morning, a meeting that included the Minister of Finance, the Governor of the Central Bank and the directors of government banks, during which the work mechanisms and procedures achieved in administrative and banking reform, which the government began to implement, and formed one of the priorities of work within the comprehensive economic reform in the country, were followed up.
According to a statement to his office, Al-Furwadani directed that {Al-Furates News} received a copy of “the managers of all government banks to prepare a plan to be submitted within one month, to develop the work of banks that includes the optimal use of financial, human and technical resources, moving from paper work to possible work, electronic dealing with all banking activities and expanding electronic payment services, developing a comprehensive vision for banks in granting credit facilities and loans, and developing work mechanisms, including tools of control and control.”
Al-Sudani stressed that “bank managers will be subject to performance evaluation in light of their implementation of the plan, and the amount of achievement.”
The Prime Minister stressed that “the real reform that the government has been keen to achieve is based on banking reform, and it is determined to make bold decisions in order to implement this reform in a way that contributes to improving the investment environment and developing the work of the public and private sectors.”
According to the statement, the meeting witnessed “the discussion of the application of the comprehensive banking system, through the use of advanced electronic programs, and modern technology in all banking transactions, and the discussion of the development plan submitted by (Ernest & Young) International regarding the restructuring of Rafidain Bank, in order to ensure the development of its business and its provision of a package of integrated banking services for citizens and companies in a manner comparable to international banks. In this regard, the Prime Minister directed the departments of banks to use international expertise by contracting with specialized consultants in banking and financial work.”
