Baghdad and Washington emphasize the rehabilitation of banks subject to US Treasury measures

Prime Minister Muhammad Shiaa Al-Sudani received, at his residence in Washington, at dawn on Tuesday, US Treasury Under Secretary Wali Adeyemo, and the delegation accompanying him, in the presence of the Governor of the Central Bank of Iraq.

Al-Sudani’s office stated in a statement received by {Al-Furat News}: “During the meeting, they discussed areas of cooperation between Iraq and the United States of America, in the financial, banking, and economic fields in general, and the steps that the government has begun to reform the financial and banking sector.”

The Undersecretary of the Ministry of Treasury praised the government measures taken to achieve economic reforms and its efforts in optimal energy investment, as well as the Central Bank of Iraq’s procedures for activating the work of Iraqi banks and making financial transfers through correspondent banks, which amounted to 80% of the total financial transfers, leading to the completion of the work. Through the platform and the Federal Bank at the end of this year

The meeting witnessed confirmation of continued cooperation with the financial and banking reform file, and the possibility of cooperation in rehabilitating banks that have been subjected to special procedures by the US Treasury, with the aim of reaching compliance with approved international standards, in coordination with the Central Bank of Iraq.

Media Office of the Prime Minister

April 16, 2024

Alforatnews.iq