Baghdad, Iraq – Prime Minister Mohammed S. Al-Sudani met with a delegation from J.P. Morgan Bank, led by Vice Chairman Daniel Zelikow, on the sidelines of the Iraqi Banking Sector Reform Conference in Baghdad. The meeting focused on enhancing cooperation between Iraq and the global financial institution, particularly in the areas of banking and investment.
According to a statement from the Prime Minister’s Media Office, the discussions covered the possibility of J.P. Morgan participating in financing key investment projects within Iraq. The two sides also explored ways to secure financial credits and ensure smooth transfers to recipients in Europe and the United States. This initiative is seen as a critical step in improving services for Iraqi traders and importers.
Prime Minister Al-Sudani emphasized the importance of expanding collaboration between Iraqi banks and J.P. Morgan. He reiterated the government’s commitment to providing full support to strengthen the partnership and foster further cooperation in the financial sector.
In response, the J.P. Morgan delegation expressed their eagerness to deepen their engagement with Iraq. They discussed increasing the number of correspondent accounts for Iraqi banks and expressed their readiness to finance various investment projects, either directly or through partnerships with local financial institutions.
This meeting marks a significant step in Iraq’s ongoing efforts to strengthen its financial and banking infrastructure. By building stronger ties with major global financial players like J.P. Morgan, Iraq aims to enhance its economic stability and investment opportunities.
