Al-Sudani receives a delegation from UAB headed by the Union’s Secretary General

Baghdad-INA
Prime Minister Muhammad Shiaa Al-Sudani confirmed on Tuesday, that Iraqi banks are proceeding in financial transfer transactions on the right path.
 
The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shiaa Al-Sudani received today the delegation of the Union of Arab Banks (UAB), headed by the Secretary-General of the Union, Wissam Hassan Fattouh,” indicating that “the Prime Minister welcomed at the beginning Meeting with the Arab Banks Conference in Baghdad.
 
The Prime Minister expressed "Iraq's happiness in hosting the Arab conferences, which confirm Iraq's return to its position in the region and the world," pointing out that "the process of financial and economic reform, which the government has adopted, cannot occur without a solid banking system in the world."
 
The statement stated, "The government has placed this matter within its development and reform work since its first day, and that Iraqi banks are today on the right path in their transactions related to financial transfers, and that coordination of financial and monetary policy with the Central Bank continues, while maintaining the independence of the bank."
 
It pointed out that "the policy of clarity, which was adopted by the government, helped identify the deficiencies in the banking system and worked to fix it," noting that "the development road project is one of the aspects of economic integration in the region."
 
The Prime Minister welcomed "holding a banking workshop to discuss the role of banks in the project and in establishing industrial cities along the road."
 
For its part, the delegation of the Union of Banks praised “the government’s measures to reform the banking sector, as they are clear measures aimed at strengthening and enhancing the work of this sector,” expressing “its appreciation for the government’s steps in supporting the private sector and enhancing its role in sustainable development and international and regional partnerships.”