In the presence of the Minister of Finance, the Governor of the Central Bank, the Head of the Federal Financial Supervision Bureau, and a number of advisors, Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting today, Sunday, devoted to discussing the completion of the unified treasury account and following up on the electronic payment system and electronic card payment points/POS. According to a statement from Al-Sudani’s office, as well as the general managers of a number of government banks.
“The meeting witnessed a presentation and follow-up of the implementation of the unified treasury account, the level of progress in implementing and disseminating the electronic card payment system, and a discussion of the challenges confronting public and private sector institutions,” the statement continued.
The facilities and incentives that can be provided to citizens and employing entities, as well as the overall measures taken, progress rates, and necessary requirements for completion, were also reviewed, as His Excellency stressed the importance of prioritizing the goal of encouraging the government sector and identifying negligent or lagging entities.
He went on to say that “during the meeting, the report containing a set of recommendations was approved, and it was decided to present it to the Council of Ministers.”
Al-Sudani recommended that the Payments Council’s activities and tasks be activated at the Central Bank, emphasizing the significance of producing a final report on successes to be presented at the Council of Ministers meeting.
According to the statement, the Prime Minister directed all ministries to implement the fourth paragraph of Cabinet Resolution (3581 of 2023), as well as the necessity of accelerating the formation of committees and analyzing non-active bank accounts for each of them, within one month.