Al-Nasiri: The emergence of the Iraqi-Saudi Coordination Council supports investment and reconstruction

The Economic and Financial Adviser to the Association of Iraqi Private Banks Samir Al-Nusairi confirmed on Monday the emergence of the Coordinating Council for the joint cooperation between Iraq and Saudi Arabia in all fields, especially in the promotion of economic, investment and trade relations, which was signed by Prime Minister Haidar Al-Abadi and King Salman bin Abdul Aziz yesterday in Riyadh, Will strengthen the bilateral economic relations with the Saudi sister and lay the foundation for building strategic cooperation relations with the Arab countries, especially the Gulf States and embodies a new launch of the strategy of investment and reconstruction and sustainable development Years (2018-2022).

Al-Nusairi said in an interview with "Economy News" that "the Prime Minister's visit to the large Iraqi delegation, which consists of ten ministers and sixty advisers in all specialties, is a clear indication of the joint approach to building strategic joint relations in the areas aimed at the parties and what interests Iraq attract The Arab investment and the implementation of infrastructure projects and the reconstruction of cities affected by the terrorist da'ashi and chart the way to start at a steady pace to return Iraq to its Arab depth.

Al-Nusairi called for "benefiting from the broad participation of the Saudi economic delegation, which is currently in doubt in the 44th session of the Baghdad International Fair under the chairmanship of the Minister of Energy and the membership of 200 businessmen and the director of the Foundation and the company and try to sign agreements with them to implement the provisions of the formation of the Coordination Council, especially in the economic and banking, "The economic and financial delegation of the government and the Iraqi private sector, who will visit Saudi Arabia in the coming weeks to activate the agreements and start effective cooperation and benefit from openness in the Iraqi-Saudi relations in all political, security and economic fields In particular the development and activation of banking relations between them and joint cooperation in foreign banking transactions and stimulate and encourage investment companies to invest in Iraq.

He pointed out that "the Iraqi economy is currently undergoing an important stage of transition after achieving the victory over terrorism, which is to leave the crisis stage to the stage of security and economic stability, especially after the opening of the international, regional, Gulf and Arab broad on Iraq and the beginning of building new political, security and economic relations which began at the beginning of the second half of The current year 2017, and that what concerns us here is the future of international economic, financial and banking relations in general and with the Arab Gulf countries in particular and some Arab countries with an influential economic depth and extending bridges of relations with them in order to serve the opening of new horizons for To exchange benefits and encourage Arab investment in Iraq and the development of infrastructure and banking technology and to increase interbank transactions and find new ways to cooperate with the correspondent banks in those countries where the recent bilateral meetings between the Central Bank of Iraq and the relevant ministries and representatives of the Gulf countries who visited Iraq during the past two months and with his participation The task of the private sector in Iraq and in particular the private banking sector to draw a road map for communication and joint coordination for the purpose of direct and actual implementation of what is reached from the lines of public building and restoration of relations Economic, financial and banking broken several decades ago. Where it was achieved and it was agreed on the development and open broad prospects for cooperation in the banking field and correct the previous tracks and overcome all the obstacles that stand in the way of building a healthy and sound banking relations. It was also agreed to be named a link between the Central Bank of Iraq and monetary institutions in the countries that met with their representatives. He concluded his speech that the Central Bank and the Association of Iraqi private banks to direct the preparation of detailed plans and programs for joint banking cooperation in all areas that promote and develop and develop foreign banking transactions and encourage and stimulate investment and build capacity and rehabilitation and training of Iraqi banking cadres and to achieve this requires naming representatives of the Iraqi side in the committees The joint high and subsidiary specialization intended to be formed and represent the private sector, especially private banks and their representative Association of Iraqi private banks.

https://economy-news.net/content.php?id=9497