By John Lee. The Central Bank of Iraq (CBI) has announced a series of measures to address issues affecting Iraqi banks restricted from dealing in US dollars. In remarks reported by the state-run Iraqi News Agency (INA), Ahmed Dawood Salman, Director of Transfers at the CBI, said the bank is working with international audit firms, […]
By John Lee. The operational plan for the Development Road project has been reviewed, alongside progress on engineering designs and economic feasibility. The discussions were held during a meeting involving Oliver Wyman, the project's financial advisory firm, and BTP, the Italian engineering consultancy, at the headquarters of the Iraqi Republic Railways Company. Key points covered […]
By John Lee. Iraq's national team and technical committee for sovereign credit ratings have held a joint meeting to discuss mechanisms for improving the country's sovereign and credit rating. The meeting was chaired by the Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, and attended by the Prime Minister's adviser and head […]
By John Lee. Iraq's public debt management, covering both domestic and external obligations, was reviewed at a meeting focused on financial organisation, scheduling and reform priorities, with the participation of Oliver Wyman, the global financial advisory firm. The meeting examined detailed plans and programmes for managing public debt, including prioritised financial treatments and reform pathways […]
By John Lee. A high-level review meeting has been held to assess progress on Iraq's strategic Development Road project, covering design, costs and operational planning. The meeting examined timelines proposed by the appointed auditing firm for completing reviews of rail and road designs, alongside discussions on design costs for both the railway line and the […]
By John Lee. The Central Bank of Iraq (CBI) has presented detailed updates on its banking-sector reform programme, with Governor Ali Mohsen Al-Alaq outlining structural plans aimed at rebuilding a compliant and modern financial system. Al-Alaq said the engagement of Oliver Wyman followed restrictions on dollar transactions imposed on a number of Iraqi banks, noting […]
By John Lee. The Italian consultancy BTP Infrastrutture has reportedly completed between 70 and 75 percent of the final designs and studies for Iraq's Development Road Project, which will link Basra to the Turkish border via a railway and international highway. Project Director Guido Bonini told the state-owned Iraqi News Agency (INA) that BTP has submitted […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Sunday chaired a meeting to follow up on the latest measures and steps taken regarding the implementation of the Baghdad Metro project. The meeting was attended by the Mayor of Baghdad, the head of the Iraq Development Fund, a number of advisers, representatives of diplomatic missions, […]
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with Titon Mitra, the new Resident Representative of the United Nations Development Programme (UNDP) in Iraq. Talks focused on technical advisory cooperation regarding the regulatory framework for e-commerce, aiming to strengthen consumer protection and create a safe environment for […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq has met Bilal Al-Saghir, the International Finance Corporation's (IFC) Resident Representative in Iraq, to discuss strengthening bilateral relations, particularly in training Iraq's banking sector workforce. The parties intend to sign a Memorandum of Understanding on the matter in the coming period. They also […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq and the CBI's specialist team have met with consultancy firm Oliver Wyman to review the Iraqi Private Banks League's comments on the national banking reform plan. The Governor confirmed that the CBI had completed an in-depth discussion, during which participants showed understanding of […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Wednesday to review the legal framework governing the Development Road Project and its associated initiatives. The Prime Minister received a detailed briefing from the project team on legal and technical requirements, including construction standards and operational procedures. He emphasised the need to urgently […]
