CBI signs a banking arrangement document with the World Bank

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As part of its strategy to develop its foreign reserves management in line with current and future developments, the Central Bank of Iraq signed a banking arrangement document with the World Bank's (RAMP) Reserves Advisory & Management Program.

 

This document aims to enable the Central Bank of Iraq to obtain technical support through the exchange of knowledge and experience in the field of investment portfolio management based on a performance indicator that helps to maximize financial resources, build human capital by exchanging knowledge and developing expertise in the financial field in accordance with best practices In the field of reserve management.

 

This program was developed by the World Bank in 2000 to build capacities and provide consulting and asset management services, and is considered a meeting place for a network of specialists, and it serves more than (70) members around the world, most of them are from central banks, managing nearly (2) One trillion dollars of sovereign assets.

 

The Central Bank of Iraq

Media Office

May 13, 2020