The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, revealed the existence of a program to restructure government banks.

The media office of the Central Bank stated in a statement: “The Governor of the Central Bank, Ali Mohsen Ismail, indicated, during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in Washington, DC, that the assets of government banks constitute more than 80% of the Iraqi banking sector.”

He added: “The Central Bank has a program to restructure government banks, which it has been working on for years in cooperation with relevant international organizations, the World Bank and the International Monetary Fund, stressing” the existence of harmony between the government and the Central Bank in the process of reforming the banking sector./ End

Source: National Iraqi News Agency