On Thursday, in the presence of representatives from Ernst & Young for Auditing and Financial Consulting, Prime Minister Mohammed Shia Al-Sudani presided over a meeting regarding efforts to expand the government banking sector.
According to a statement released by Al-Sudani’s media office, the company presented a package of recommendations to proceed with Rafidain Bank reform during the meeting. These recommendations included the bank’s new legal status, capital, work strategy, and the new consultant who will work with the bank to meet global requirements for modern banking.
The assertion made sense of that these proposals will be submitted to the Ecclesiastical Committee for the Economy, which will then, at that point, submit them to the Gathering of Priests for endorsement.
Al-Sudani, according to the statement, said that the government’s banking reforms begin with the restructuring of Rafidain Bank. The government has paid special attention to all reports related to it that have been submitted by the relevant authorities, particularly the committee that is responsible for the restructuring process.
The Prime Minister emphasized the significance of the banking sector reform project, which began with Rafidain Bank. He mentioned the work to provide a bank with specifications and standards that can be used to solve problems, instill confidence in citizens, and improve cooperation with both domestic and international investors.
