Prime Minister: The government's first banking reform project is the restructuring of Rafidain Bank

INA-  BAGHDAD


Prime Minister Mohamed Shia Al-Sudani said on Thursday that the issue of structuring Rafidain Bank is the first work of banking reforms for the government, stressing the importance of the banking sector reform project. 
 
A statement issued by the Prime Minister's Media Office, received by the Iraqi News Agency (INA), stated that "Prime Minister Mohammed Shia Al-Sudani chaired a special meeting on efforts related to developing the work of the government banking sector, in the presence of representatives of Ernst & Young Auditing and Financial Consulting Company."


The statement pointed out that "during the meeting, a package of recommendations was presented by the company to proceed with the reform of Rafidain Bank, which included the new legal status of Rafidain Bank, its capital, its work strategy and the new consultant, where these recommendations will be submitted to the Ministerial Council of Economy to be submitted to the Cabinet for approval." 
 
The Prime Minister indicated that "the issue of structuring Rafidain Bank is the first work of banking reforms for the government, which has been given special attention to follow up on all its reports, submitted by the concerned authorities, especially by the committee concerned with the restructuring process."

The Prime Minister stressed "the importance of the banking sector reform project, which started from Rafidain Bank," noting that "working to provide a bank with specifications and standards through which to overcome problems and give confidence to citizens, in addition to strengthening cooperation with local and foreign investors."