World Bank’s Malpass meets with Iraqi PM, emphasizes need for bank reforms

Iraqi Prime Minister Mustafa al-Kadhimi (R) meets World Bank President David Malpass in Washington, July 27, 2021. (PM office photo)

SULAIMANI (ESTA) — World Bank President David Malpass emphasized on Tuesday the importance of banking sector reforms in Iraq during with the Iraqi prime minister.

Iraq’s Prime Minister Mustafa al-Kadhimi met with Malpass in Washington on Tuesday, the world bank said in a statement.

Malpass told Kadhimi the bank was committed to supporting the Iraqi government as it continues to reform the public sector and works to strengthen the private sector as the country opens to business after nearly two decades of war and conflict, the statement read.

He also emphasized the importance of infrastructure, and highlighted investment in Iraq’s ports and energy sectors by the World Bank’s sister organization, the International Finance Corp, according to the bank.

Iraqi premier’s office said in a separate statement that Kadhimi and Malpass discussed world bank’s support for the Iraqi government’s efforts in reform and combating corruption.

Kadhimi stressed the importance of “developing cooperation with the World Bank and ways to further develop it,” his office said.

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