The Minister of Finance, Taif Sami Muhammad, participated in the annual meetings of the International Monetary Fund and the World Bank in the Kingdom of Morocco (Marrakesh) for the period from 11-14 October 2023.
A statement by the Ministry stated that the Minister attended the opening session of the International Monetary Fund and the World Bank, which thanked the King of Morocco for hosting the annual meetings for the year 2023. The support of the Bank and the International Monetary Fund was presented to all developing countries in the world in their economic projects, whether financing projects or capacity-building projects to reach the advancement of economies of these countries.
On the sidelines of the annual meetings, a meeting was held with a number of finance Ministers and governors, including the Libyan Minister of Finance, to discuss the issue of Libyan debts owed to Iraq and the issue of the members and presidency of the Board of Directors of the Arab Bank for Development in Africa, since Iraq is a shareholder in this bank, and the Somali Minister of Finance, where Somalia’s debts owed to Iraq were discussed. He thanked Iraq for its supportive position, and the requirements for scheduling this debt were discussed.
The Minister also held a meeting with the Executive Director of the International Monetary Fund, Dr. Mahmoud Mohieddin, where the priorities of the technical assistance provided by the Fund to Iraq were discussed, including entering into the reform program, technical assistance provided to customs and taxes, restructuring the Rafidain and Al-Rasheed banks, and providing the technical support required to complete it.
The Minister touched on the measures taken by the Ministry of Finance in implementing the unified treasury account and the extent of progress that contributes to its implementation. The possibility of providing Iraq with experts and consultants to contribute to implementing the electronic payment system, reforming the banking system, and continuing to provide technical support in implementing the unified treasury account was discussed.
Minister Taif and her accompanying delegation also participated in the climate conference, which discussed the issue of confronting the challenges and risks of climate change and supporting opportunities for sustainability, and the extent of the impact of climate change on the region and the world as a whole.
The Minister met with the Administrative and Technical Affairs Department at the International Monetary Fund, and the meeting included a discussion of the technical support provided by MITAK, which are the training and technical support units at the International Monetary Fund that contribute to providing support in the areas of financial management, taxes, customs, and the unified treasury account./ End
Source: National Iraqi News Agency