Al-Sudani confirms the continuation of financial and banking reform.
As part of its efforts to enhance transparency, consolidate governance, and enhance the credibility of state institutions before the international community, the government, headed by Prime Minister Mohammed Shia al-Sudani, continues to implement comprehensive reforms based on applying best financial and administrative practices, combating corruption, and ensuring compliance with laws and regulations, contributing to building a modern national economy.
In this context, the Prime Minister received a delegation from KPMG, a global auditing and financial consulting firm, yesterday, Tuesday. They reviewed existing cooperation with the Iraqi banking sector, ways to support transparency, and enhance the country’s financial reputation internationally. Al-Sudani emphasized that banking reform has become a model of commitment and trust, praising the pivotal role of financial audit firms in consolidating governance and professionalism.
He emphasized the importance of leveraging the company’s expertise in restructuring government companies and raising their operational efficiency, managing public debt, and drafting contracts for major strategic projects. He also affirmed the government’s support for the Central Bank and the Trade Bank of Iraq to ensure the rapid completion of audit tasks in accordance with international standards and the timetable for issuing banks’ final accounts. Regarding administrative reform, the Prime Minister chaired the 40th regular session of the Council, during which he discussed the general situation and took the necessary decisions. In light of the unified report on violations of Law No. 28 of 2019 on the Cancellation of Financial Privileges for Officials, Al-Sudani directed all government agencies to comply with the law and return any excess vehicles or protection within seven days, while referring those who refrain from doing so to the Integrity Commission to ensure the protection of public funds and promote a culture of accountability.
The Council also voted to appoint (15) general managers in various government departments, while it decided to dismiss the Director of the Investments and Contracts Department at the Ministry of Electricity and transfer him to a lower level, based on performance evaluation. These decisions reflect the government’s keenness to achieve administrative reform, enhance efficiency, and link responsibility to accountability, in line with the comprehensive objectives of the government’s program for economic and financial reform.
Alsabaah.iq