By John Lee.
Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting focused on the reform of Iraq's banking sector, particularly Rafidain Bank, with representatives from Ernst & Young (EY) presenting recommendations.
Key proposals included updating the bank's legal status, capital structure, and strategy to align with global banking standards. The recommendations will be submitted to the Ministerial Council for Economy before seeking final approval from the Council of Ministers.
Al-Sudani emphasized that restructuring Rafidain Bank is a cornerstone of the government's broader banking reform agenda, aimed at enhancing trust and facilitating cooperation with both local and foreign investors.
(Source: PMO)
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