H.E. Dr. Ali Mohsen Ismail Al-Allaq, Governor of the Central Bank of Iraq (CBI), spoke to audiences in Washington and New York about the challenges and opportunities Iraq faces on its path toward economic recovery in light of continuing threats to its security. The events were generously hosted by Akin Gump Strauss Hauer & Feld (Akin Gump), in partnership with the Global Center and the CBI.
In his presentations, Dr. Al-Allaq focused on a four step approach to achieve financial stability and growth for Iraq, listing 1) a safe and sound approach to financial stability with the development and implementation of a national anti-money laundering and countering the financing of terrorism strategy, 2) safeguarding the financial system by way of enforcing compliance and regulations, 3) enhancing economic growth with an initiative for financing small and medium enterprises, and 4) re-structuring and re-organizing the framework and mandate of the CBI. Dr. Al-Allaq also addressed Iraq’s monetary policy history, the on-going cooperation between the Kurdistan Regional Government and the CBI, and the CBI’s contribution to defeating ISIS and disrupting/draining ISIS’ financial abilities and operations.
The Washington keynote was opened by H.E. Dr. Fareed Yasseen, Ambassador of Iraq to the United States and Mr. Thomas McCarthy, Partner and Head of International Trade Practice for Akin Gump, and featured participants from government agencies, embassies, media, and the financial sector. The New York event was launched by H.E. Ambassador Mohamed Ali Alhakim, Permanent Representative of Iraq to the United Nations and Ms. Fiona Brett, Pro Bono Counsel at Akin Gump, and included representatives of UN missions, international organizations, academia, and the private sector. Both events were moderated by Alistair Millar, Executive Director of the Global Center.
The Global Center is pleased and honored to continue its work with the CBI as a strategic partner on issues related to AML/CFT under its ongoing Danish-supported project on illicit financial flows in the Middle East and North African region covering Jordan, Lebanon and Iraq. For additional information about these events please contact Ms. Danielle Cotter at firstname.lastname@example.org.
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