Al-Sudani and the US Treasury Undersecretary discuss cooperation between the two countries in the financial, economic and banking fields

Baghdad, Prime Minister Muhammad Shiaa Al-Sudani discussed today, Tuesday, with the Deputy Secretary of the US Treasury, Wali Adeyemo, cooperation between the two countries in the financial, economic and banking fields.

A statement from his media office stated that Al-Sudani received at his residence in Washington at dawn today, Tuesday (Baghdad time), the Undersecretary of the US Treasury, Wally Adeyemo, and his accompanying delegation, in the presence of the Governor of the Central Bank of Iraq.

During the meeting, according to the statement, 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, as the Undersecretary of the Treasury praised the government measures taken to achieve economic reforms and its efforts in optimal investment of energy, 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 work through the platform and the Federal Bank at the end of the current year.’

During the meeting, it was emphasized that 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.

Source: National Iraqi News Agency