Iraqi PM Receives Chairman of Arab Monetary Fund

By John Lee.

Prime Minister Mohammed S. Al-Sudani met this week with Fahd bin Mohammed Al-Turki, Chairman of the Arab Monetary Fund, to discuss closer collaboration.

• Strategic Partnership and Support: Iraq is committed to supporting the Arab Monetary Fund's activities, emphasizing its role as a founding member and major contributor to the Fund.
• Development Goals: The Iraqi Prime Minister stressed the importance of the Fund's contributions to Iraq's reconstruction and infrastructure development.
• Capacity Building: Iraq seeks expanded participation of Iraqi professionals in the Fund's activities and stronger connections with its financial institutions.
• Regional Collaboration: The Arab Monetary Fund's role in coordinating financial, monetary, and trade policies across the Arab region was highlighted as a key factor in promoting shared regional interests.
• Fund's Commitment: The Chairman of the Arab Monetary Fund reaffirmed the Fund's dedication to supporting Iraq's developmental programs and fostering cooperation in financial and economic sectors.
• Focus on Infrastructure: Both parties acknowledged infrastructure projects as a priority area for development and investment.

Full statement from the Prime Minister's Office:

Prime Minister Mohammed S. Al-Sudani Receives Chairman of the Arab Monetary Fund

Prime Minister Mohammed S. Al-Sudani received today, Thursday, the Chairman of the Arab Monetary Fund, Mr. Fahd bin Mohammed Al-Turki.

At the beginning of the meeting, the Prime Minister congratulated Mr. Alturki on assuming his new role as Chairman of the Fund, wishing him success in his mission.

The Prime Minister affirmed the government's support for the Fund's activities, highlighting Iraq's role as a founding member and the second-largest contributor to the Fund after Saudi Arabia.

Prime Minister Al-Sudani expressed Iraq's aspiration for greater cooperation with the Fund and emphasized the importance of its contributions to Iraq's reconstruction and development efforts, particularly in infrastructure projects. He also expressed Iraq's desire for the Fund to expand the participation of Iraqi professionals in its activities and strengthen ties with Iraqi financial institutions.

The Prime Minister stressed the Arab Monetary Fund's pivotal role in fostering stronger Arab relations by coordinating financial, monetary, and trade policies, thereby promoting shared interests across the region.

For his part, Mr. Alturki expressed his gratitude for the warm reception and reiterated the Arab Monetary Fund's commitment to supporting Iraq and participating in its developmental programs. He also emphasized the Arab Monetary Fund's eagerness to enhance constructive cooperation in the financial and economic sectors.

(Source: PMO)