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The Governor of the Central Bank chairs a meeting of the Rafidain Bank Restructuring Project Committee
December 05, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the Rafidain Bank restructuring project.
While the committee for this project included
Mr. Undersecretary of the Iraqi Ministry of Finance, Rebaz Muhammad Abdullah,
officials of the Central Bank of Iraq, the
State Advisor to the Prime Minister, the
head of the World Bank mission in Iraq, and a
representative of Rafidain Bank, as well as
members of Ernst & Young as an expert auditor and consultant in the structuring process.
The Regional Director of the World Bank in Iraq, Mr. Emmanuel Salinas, explained the reality of working on this project, in which
he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the structuring plan in its operational and financial aspects.
Meanwhile, Mr. Firas Kilani, an expert in the structuring project from Ernst & Young, explained that
the project has
progressed very significantly since its start in September of 2024 and has
currently reached 74%.
The next phase of the scope of work will be completed at the end of this month, and the
transition to the phase advanced in this project.
While His Excellency the Governor confirmed that the support of the Prime Minister of Iraq in this aspect positively accelerated the progress of the project, to reach important stages in the structuring and development process in the Rafidain Bank.
Central Bank of Iraq
Media office
https://cbi.iq/news/view/2728
December 05, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the Rafidain Bank restructuring project.
While the committee for this project included
Mr. Undersecretary of the Iraqi Ministry of Finance, Rebaz Muhammad Abdullah,
officials of the Central Bank of Iraq, the
State Advisor to the Prime Minister, the
head of the World Bank mission in Iraq, and a
representative of Rafidain Bank, as well as
members of Ernst & Young as an expert auditor and consultant in the structuring process.
The Regional Director of the World Bank in Iraq, Mr. Emmanuel Salinas, explained the reality of working on this project, in which
he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the structuring plan in its operational and financial aspects.
Meanwhile, Mr. Firas Kilani, an expert in the structuring project from Ernst & Young, explained that
the project has
progressed very significantly since its start in September of 2024 and has
currently reached 74%.
The next phase of the scope of work will be completed at the end of this month, and the
transition to the phase advanced in this project.
While His Excellency the Governor confirmed that the support of the Prime Minister of Iraq in this aspect positively accelerated the progress of the project, to reach important stages in the structuring and development process in the Rafidain Bank.
Central Bank of Iraq
Media office
https://cbi.iq/news/view/2728
