By John Lee.
The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, chaired a supervisory committee meeting on the restructuring of the state-owned Rafidain Bank.
Attendees included committee members from the Ministry of Finance, advisors to the Prime Minister, senior Central Bank officials, and representatives from Ernst & Young.
The meeting reviewed progress on the government's plan, coordinated with the Central Bank, to reform the banking sector, improve performance and services, and achieve financial stability.
Discussions focused on administrative, financial, and technical restructuring to align with global banking best practices. The committee meets monthly, chaired by the Prime Minister, to monitor progress and provide guidance.
(Source: CBI)
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