On Sunday, Iraqi Prime Minister Muhammed Shiaa Al-Sudani chaired a meeting to discuss banking reform procedures and directed simplifying all banking procedures. He also requested a proposed list of facilities to be prepared within a week.
The media office of Prime Minister Muhammad Shia’ Al-Sudani issued a statement stating that a meeting was held on Sunday evening to discuss the implementation of financial and administrative reforms in the financial and banking sectors. The meeting was chaired by the Prime Minister and was attended by the Governor of the Central Bank and the directors of government banks. They discussed the procedures and work mechanisms to achieve banking reform, which is a crucial step towards financial and economic reform and is an integral part of the government’s executive approach.
Al-Sudani emphasized that financial reform is not merely a catchphrase but rather a set of terms and procedures that the government is committed to executing without hesitation. The government is determined to face all the challenges and obstacles that may hinder the implementation of systematic and well-planned reform plans.
The statement highlighted that the Prime Minister has instructed to simplify all banking procedures and prepare a proposed list of simplified facilities and procedures to be presented within a week. The statement also stressed the need to provide a summary of the obstacles that are hindering the banking reform process, along with proposing effective and implementable solutions to overcome them. These solutions should help in overcoming the traditional contexts that have been causing hindrance to achieving the government’s objective of developing this important economic and service sector.
