Baghdad: Prime Minister Mohammed Shia al-Sudani led a meeting on Wednesday to address and enhance the mechanisms for using banking facilities to support infrastructure and development projects throughout Iraq. The focus was on leveraging banking systems to facilitate ongoing and future projects aimed at bolstering the nation’s infrastructure.

According to National Iraqi News Agency, the meeting reviewed the progress made in reforming Iraq’s banking system, emphasizing its role as a key driver for development. Discussions highlighted the expansion of banking activities under globally accepted banking practices. The meeting underscored the importance of aligning these activities with international standards to ensure effective support for Iraq’s development goals.

Further discussions during the meeting concentrated on the strategic investment of Iraqi assets via banking facilities. Emphasis was placed on projects related to critical infrastructure sectors such as energy, specifically oil, gas, and electricity. By optimizing the use of banking resources, the government aims to promote strategic investment projects that are crucial for the country’s economic growth and stability.