Prime Minister Muhammad Shiaa Al-Sudani chaired, this evening, Sunday, a meeting that included the Governor of the Central Bank and Directors of government banks within the framework of his follow-up to the plan to implement financial and administrative reforms in the financial and banking sectors.

During the meeting, the procedures and work mechanisms taken to achieve banking reform were discussed, which constitutes one of the basic steps for financial and economic reform that the government adopts in its executive approach.

Al-Sudani stressed that financial reform is not just a slogan, but rather a series of terms and procedures that the government is determined to implement without hesitation, and will face all the challenges and obstacles that hinder the implementation of systematic and thoughtful reform plans.

The Prime Minister directed the simplification of all banking procedures, and the preparation of a proposed list of facilities and simplified procedures to be presented within a week, in addition to providing a summary of the obstacles obstructing the banking reform process, and proposing effective and implementable treatments for them, in a way that helps in overcoming the approved traditional contexts, which prevent achieving the government’s goal of developing this important economic and service sector./End

Source: National Iraqi News Agency