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The Central Bank establishes a banking relationship with the World Bank's RAMP program

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The Central Bank establishes a banking relationship with the World Bank's RAMP program Empty The Central Bank establishes a banking relationship with the World Bank's RAMP program

Post  Admin Tue Sep 03, 2019 9:15 am

September 03, 2019
The Central Bank establishes a banking relationship with the World Bank's RAMP program

    The Central Bank of Iraq announces the establishment of a banking relationship with the World Bank's Reserve Management Advisory Program (RAMP), which includes investment in bonds it issues.
     
    The Bank explains that, through the Department of Investments and External Transfers, a plan has been prepared for cooperation with the World Bank in the management of reserves, and investment in bonds issued in dollars, at least $ 300 million.
     
    The World Bank's Reserve Management Advisory Program (RAMP) is a platform for advising on asset and reserve management development in developing countries and international institutions to enable them to maximize their financial resources.
     
    Central Bank of Iraq
    information Office
    September 3




https://cbi.iq/news/view/1259

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