Financial reform discussions between Iraq, US held in Baghdad
The Prime Minister of Iraq, Mohammed Shia Al-Sudani, engaged in discussions on Wednesday with the United States Assistant Secretary of the Treasury Department, Elizabeth Rosenberg. The primary focus of their meeting was to foster cooperation between financial institutions in Iraq and the US Treasury Department.
During this high-level discussion, various critical aspects of Iraq’s financial and banking reforms were addressed, with a shared commitment to combat corruption in all its forms. A statement released by the Prime Minister’s Office (PMO) highlighted the measures undertaken by the Iraqi government to achieve this goal.
Prime Minister Al-Sudani underscored the government’s dedication to revitalizing the banking sector in accordance with international standards, resolving longstanding issues, and staying abreast of global financial developments. These reforms, he emphasized, play a pivotal role in fostering economic growth and stability within the nation.
Furthermore, Al-Sudani highlighted the tangible outcomes of these reforms, citing a significant reduction in money laundering cases, a crackdown on unauthorized trading activities, and an overall decrease in corruption levels.
In a positive sign of progress, the Prime Minister affirmed that the government has successfully implemented these reforms across various financial institutions, both in the public and private sectors.
Assistant Secretary Elizabeth Rosenberg commended Iraq’s remarkable efforts in executing financial and banking reforms. She expressed optimism that these reforms would not only bolster Iraq’s sustainable development initiatives but also contribute to the expansion of its economy.
The fruitful dialogue between Iraq and the United States underscores the commitment of both nations to promote financial transparency, stability, and prosperity, serving as a crucial step towards Iraq’s economic revitalization and growth.