The meeting discussed the bilateral economic relations between the two countries in various vital sectors and reviewed the government's efforts and plans for economic and financial reform, as well as the direction toward diversifying Iraq's sources of output and enhancing development targets. It also addressed the practical measures being implemented in the field of combating money laundering.
The Prime Minister emphasized that the government has made significant progress in the financial and banking reform file, with 95% of banking transfers completed through the electronic platform. Less than 5% remain, which will be finalized by the end of this year. After that, the transition to a correspondent banking system will take place, in line with the government's approach and commitment to enhancing the capabilities of Iraqi banks to meet global standards and cater to the needs of a thriving investment environment in Iraq.
The Deputy Secretary of the U.S. Treasury praised the progress that Iraq has achieved in economic and banking reforms accomplished in a record time, as well as the economic growth, which has reached approximately 6%. This reinforces the government's efforts in development.