Iraq and Egypt Sign Agreements Between the Central Bank of Iraq and Egypt to Facilitate Economic Growth

 

On Tuesday, Iraq and Egypt signed eleven agreements on the sidelines of the second session of their Joint Committee. These agreements included a memorandum of understanding between the Central Bank of Iraq and the Micro, Small, and Medium Development Agency in Egypt to facilitate economic growth. They also signed documents related to diplomatic training, administrative development, public service, civil services, and trade as it pertains to joining the World Trade Organization. In addition, both countries agreed to cooperate in labor, sports, and planning.

At a press conference with his Egyptian counterpart, Prime Minister Al-Sudani explained that these agreements act as a road map for developing relations between Iraq and Egypt in terms of opening new opportunities for economic and trade cooperation. The Egyptian Prime Minister shared an optimistic outlook that their relationship will flourish in the coming period. During his visit to Cairo, Prime Minister Al-Sudani also met with President Abdel Fattah El-Sisi to discuss ways they could strengthen bilateral partnership pertaining to security, trade, investment, and infrastructure.