Iraq joined the European Bank

Economy

Iraq

European Bank

2020-10-09 07:34

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Shafaq News / The Ministry of Foreign Affairs said on Friday that the European Bank for Reconstruction and Development granted the country membership in its council after a two-day voting process.

The ministry said in a statement today that ” the members of the Board of Governors of the European Bank agreed to Iraq ‘s accession to the Council during the voting process witnessed by the annual meeting of the Board of Governors to be held in London for a period of 7-8 October 2020 .

According to the ministry, Iraq’s formal accession to the bank’s membership will allow it to benefit from international banking expertise to develop the banking sector, and to obtain technical support and assistance that creates a suitable ground for investment .

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