Launch of the Financial Management Reform project in cooperation with the World Bank


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(Independent) .. Iraq, in cooperation with representatives of the World Bank in Baghdad, a project to reform and modernize the systems of financial management of the state

“This important step comes on the basis of agreement with representatives of the World Bank during the spring meetings held recently in Washington,” Finance Minister Abdul Razzaq al-Issa told a news conference after his meeting with World Bank representatives.

Al-Issa said at the press conference that this project includes the main axes, including the direction towards the integrated system of financial management information and computerization of the operations of public financial management of the preparation and implementation of the budget in the Ministry of Finance and other ministries and exchange units.

He added that one of the priorities of the project is to develop the government investment of the Iraqi state. For their part, representatives of the World Bank expressed readiness to cooperate and support Iraq and develop its financial mechanisms as a founding member and contribute to the World Bank.

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