Iraq signs an agreement with "IFC" to develop the stock market

  • 12-06-2024, 17:59
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    The Securities Commission announced today, Wednesday, the signing of an agreement with the International Finance Corporation to develop the securities market, indicating that this agreement will bring investments and achieve sustainable development.
    The Chairman of the Authority, Faisal Al-Haimus, told the Iraqi News Agency (INA): “The Authority signed an agreement to develop the work of the Iraq Stock Exchange after discussions with the International Finance Corporation (IFC), indicating that “the agreement is advisory regarding corporate governance and the best practices required by companies listed on the Iraqi Securities Market.”
    He added, "This contract will be reflected on the Iraqi stock market at the international level, bringing investments and achieving sustainable development according to the plan of Prime Minister Mohammad Shia Al-Sudani."
    Al-Haimus pointed out that "the project is the first cooperation between the Securities Commission and the International Finance Corporation," stressing that "there are other projects with them in the future."
    For her part, Amira Ajaj, responsible for corporate governance and environmental and social standards programs in the Middle East region of the International Finance Corporation, affiliated with the World Bank, expressed her “pleasure with the signing of the agreement in a way that guarantees the authority the use of international expertise from the International Finance Corporation (IFC), affiliated of the World Bank.”