Today, on Sunday, Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting to discuss the completion of the unified treasury account. The meeting also addressed the progress on the electronic payment system and electronic card payment points/POS. The Minister of Finance, the Governor of the Central Bank, the Head of the Federal Financial Supervision Bureau, and a number of advisors and general managers of certain government banks were present during the meeting. The statement from Al-Sudani’s office regarding the meeting was received by [insert recipient].
During the meeting, a presentation was given regarding the implementation of the unified treasury account as well as the progress in implementing and disseminating the electronic card payment system. Additionally, there was a discussion about the challenges being faced by public and private sector institutions and electronic payment companies.
His Excellency reviewed the facilities and incentives that can be provided to citizens and employers, with the aim of encouraging them to make progress towards meeting the necessary requirements for completion. He emphasized the importance of giving priority to the goal of promoting the government sector, while identifying entities that are lagging behind or being negligent.
During the meeting, the report with recommendations was approved for presentation to the Council of Ministers.
Al-Sudani instructed the Payments Council at the Central Bank to complete their tasks and submit a final report on achievements to the Council of Ministers.
As part of the effort to complete the unified treasury account, the Prime Minister has instructed all ministries to implement the fourth paragraph of Cabinet Resolution 3581 of 2023. The Prime Minister emphasized the need to speed up the formation of committees and analyze all the non-active bank accounts associated with each ministry within a month, as stated in the official statement.