Joint statement by Sudani Office and Iraq Central Bank on modernization of the banking sector

Joint statement by the Sudani Office and the Central Bank on the modernization of the banking sector
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Joint statement from the Office of the Prime Minister and the Central Bank of Iraq,

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Banking reforms constitute an important pillar of the economic reform adopted in the government program. In order to complete the important steps that the government has started in this framework since it began its work, and in order to achieve a package of development targets that require banking development, the government, in cooperation with the Central Bank of Iraq, has embarked on a comprehensive initiative that includes a comprehensive strategic banking reform process that constitutes a turning point in the history of economic development in Iraq, and is consistent with the extent of commitment to raising the level of banking standards, enhancing financial flexibility, and supporting the competitiveness of the financial system.