KPMG to Advise on Iraq’s Banking Sector Reform

Prime Minister Mohammed Shia' Al-Sudani has received representatives from KPMG, the global auditing and financial advisory firm, to review ongoing cooperation with Iraq's banking sector as part of the government's efforts to enhance transparency and improve the country's financial reputation.

The Prime Minister affirmed that Iraq's banking reform programme has become a model of commitment and credibility, highlighting the vital role of auditing firms in reinforcing governance and professionalism. He emphasised the government's view of these companies as strategic partners in strengthening Iraq's credibility with the international financial community.

Al-Sudani noted progress in implementing financial and banking reforms, improving Iraq's credit standing, and advancing anti-money laundering compliance and digital reporting. He also called for KPMG's support in restructuring state-owned enterprises, managing public debt, and advising on strategic projects.

He reaffirmed government backing for the Central Bank of Iraq (CBI) and the Trade Bank of Iraq (TBI) in their continued collaboration with KPMG to ensure timely auditing and adherence to international standards.