Iraqi and US banks meet in Washington

10/12/2017

Baghdad / Hussein Thogb The
presence of adults on the field of international work comes in any case, where conventional economies are not usually not important international attention of the largest economic blocs, and here comes the presence of Iraqi banks and US banks in Washington evidence of the importance of Iraq and its economy for the side The other,

who is aware that the size of work in our country is large and can be employed in the financial and executive sector in more than one sector within Iraq. Preparations continue between Iraq represented by the Association of Iraqi private banks and the US States represented by the Institute of Strategic Studies, And an Iraqi-US meeting on October 18

. Great cooperation

The Executive Director of the Association of Private Banks Ali Tariq said: "Iraq has a great international interest that can be noted by the presence of international delegations from various economic blocs important to Baghdad, there is great cooperation between the Association and the US Treasury through continuing meetings to discuss mechanisms to promote the Iraqi financial sector."

He said in an interview with Al-Sabah that "strengthening cooperation between the two sides and raising its levels to levels of mutual benefit will be the most important axes of the Iraqi-US forum in Washington," pointing out that "

The representative of the US Treasury Department in the Embassy of his country in Baghdad to the development of the Iraqi financial sector needs to be highlighted by the media to realize all those who follow this achievement in the most important economic axis within any
country.

" Tariq pointed out that" the forum will discuss the mechanisms of cooperation between the Iraqi banking sector and his American counterpart, which contributes to the development of the joints of domestic banking, especially as the US banks have the capabilities of technology can provide advanced bridges of cooperation to achieve great benefit to both sides of the process.

"He pointed out that" The Iraqi delegation will be formed by Iraqi banks to meet with the US Treasury and major banks and the Foreign Ministry there and representatives of the World Bank and the International Monetary Fund .

Bridges of cooperation


"The forum includes two aspects, the first is to present and clarify the current reality of the banking sector of the American side to be a picture of the reality of all the details of how the future and prospects of our financial reality, the other side includes the opening of bridges of cooperation directly with US banks and this gives greater confidence to our banking sector globally because US banks has a high degree of compliance with the anti - money laundering operations and the financing of terrorism and laws, "also contribute to encouraging investment in Iraq and within the banking sector
itself .

" .ocd that "League heading to open prospects for cooperation in the field of capacity building and the development of the banking system presentation building Oz in general to get to the point that it is world - class.

"
Economic processes

"The need to connect with major economies and increase the friction with them to contribute to the development of our economy, especially in the financial sector, which needs the new international banks in the systems and products to move the overall
economic processes .

He pointed out that "the Iraqi financial sector needs to activate its development role commensurate with the country's economic capabilities that require banking services capable of dealing with large numbers," pointing out that "the view of the American experience is very important and makes Iraqi banks to new tasks after It is available in the field experiment on the

US. "


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