Al Sharqiya

Baghdad - ALsharqiya, May 27: Prime Minister Mohammed Shia Al-Sudani chaired a meeting to re-evaluate and re-form the boards of directors of government banks and the Central Bank of Iraq as part of reform efforts in the banking and financial sector. Al-Sudani stressed the importance of boards of directors taking the lead in developing strategies and visions that guide the work of government banks and enhance the principle of transparency and accountability within them, in addition to the need for these boards to assess the challenges and financial risks facing banks. He stressed the need for the effectiveness of boards of directors, as they constitute a fundamental pillar in the financial and banking reform process. Iraqi Prime Minister Mohammed Shia Al-Sudani stressed the government's keenness to include its budget priorities in implementing its schedules in order to complete the sections of the government program, especially those related to providing services and completing projects. Al-Sudani's statements came during his meeting with the head of the Parliamentary Finance Committee, Atwan Al-Atwani, to review the latest preparations for preparing the 2025 budget schedules, and the mechanisms and plans to ensure the financing of salaries and expenditures according to sectors and activities during the current year.