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BatmaninIraq
06-02-2015, 10:00 AM
June 01 2015

Rafidain Bank: There Is A Bilateral Coordination With IMF To Develop The Banking Business In Iraq

BAGHDAD - Rafidain Bank said there is an ongoing bilateral cooperation with the International Monetary Fund in the context of providing advice regarding the development of the work of banks in Iraq.

The general director of the bank, Bassim Kamal al-Hassani said in a statement today, " Rafidain Bank began advanced steps with regard to its banking work to be parallel with its counterparts in the countries of the world."

Hassani added that " Rafidain Bank is one of the main pillars of the national economy and financial trading in Iraq by its strong financial position."

The Finance Minister Hoshyar Zebari announced last month that the International Monetary Fund agreed to provide emergency financial assistance within the government and the Finance Ministry plans to reduce public expenditure and cooperate in the framework of the development of the banking business in Iraq.