Parliamentary Finance calls on the World Bank to develop the Iraqi banking system

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Parliamentary Finance calls on the World Bank to develop the Iraqi banking system

Atwan Al-Atwani, the head of the Parliamentary Finance Committee, made a request to the World Bank and the International Monetary Fund on Tuesday, requesting that they give Iraq the assistance it needs to grow its banking sector by developing national cadres and exchanging experiences.

“The Chairman of the Finance Committee, Atwan Al-Atwani, participated via closed circuit television in the deliberative meeting of the International Monetary Fund regarding the financial and economic situation in Iraq,” the Presidency of Parliament’s media office stated in a statement obtained by

In order to achieve sustainable development, the government is promoting various sectors, igniting the private sector, encouraging investment, and supporting investors. These goals are all reflected in the tripartite budget law for the years 2023–2025, which Al-Atwani briefed on, according to the office.

Al-Atwani emphasized in the statement that “approving the tripartite budget gave the government great flexibility in terms of contracting, implementing projects, and attracting foreign companies to implement major projects.” He also mentioned that “the Finance Committee seeks integration between the legislative and executive authorities through monitoring spending and financing and implementing plans and programs.” Since this administration is making steady progress toward realizing the goals of the people, we want it to succeed.

Committee Chairman stated that “the National Service Government has ambitious programs to advance various productive sectors and maximize non-oil revenues, to leave the state of excessive dependence on oil in forming the general budget, and is serious about moving the wheel of economy and development.”

“Provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres, to develop our banking system, especially as we are moving towards activating the digital financial dealing system and automating taxes, customs, and other service sectors that generate financial revenues for the state,” demanded Al-Atwani of the World Bank and the International Monetary Fund.