The World Bank said today, Wednesday, that it supports the government’s initiatives to modernize and grow the banking industry, particularly in relation to the use of the electronic payment system.
at a statement obtained by, the Prime Minister’s Media Office said that “Al-Sudani met with the President of the World Bank Group, Ajay Banga, on the sidelines of his participation in the Davos Economic Forum.”
According to the statement, “The meeting witnessed a discussion of cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq.”
He went on, “In terms of financial and banking reform, the two parties discussed the actions and measures implemented by the government and the Central Bank of Iraq. There was also discussion of the projects funded by the International Finance Corporation (IFC), chief among them being the construction and renovation of Baghdad International Airport.”
According to the statement, “The Prime Minister stressed the importance of World Bank reports reflecting, realistically, the new government’s policies implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth, and achieve financial stability, in light of the challenges facing the region and the world.” .
He also commended “the government’s measures in the field of modernizing and developing the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system.”
