Tunis:The management of the International Development Bank for Investment and Finance has firmly rejected the accusations made by the U.S. Department of the Treasury. They have emphasized their commitment to addressing the situation with seriousness, responsibility, and transparency.

According to National Iraqi News Agency, the bank issued a statement declaring its dedication to building a robust banking institution that supports the Iraqi economy, operating under the Central Bank of Iraq’s supervision. The management asserted that the allegations are based on incorrect information and expressed confidence that presenting the true facts and necessary documentation will clarify the bank’s position.

The bank also affirmed its readiness to cooperate fully with the Central Bank of Iraq and the U.S. Department of the Treasury through official and legal channels. This cooperation aims to address the matter, clarify facts, and defend the bank’s reputation and the rights of all associated parties. They stressed that the current situation should not be confused with the bank’s financial health or its capacity to meet its obligations, as it maintains a solid financial standing and responsibly manages its resources.

Reassuring its depositors and clients, the bank’s management highlighted its commitment to protecting their rights and interests. They are working with the Central Bank of Iraq and other regulatory bodies to ensure the continuity of banking services and to manage liquidity and financial obligations transparently, in compliance with laws and regulations.

Moreover, the bank expressed its confidence in Iraqi state institutions, particularly the Central Bank of Iraq, and reiterated its commitment to collaborating closely with them to protect depositors’ rights and support the stability of the Iraqi banking sector.