ERBIL (Kurdistan 24) – The French government has decided to open a coordination center for financial affairs in Erbil, a statement from the Kurdistan Regional Government’s (KRG) Ministry of Finance and Economy confirmed on Wednesday.
The announcement came during a meeting on Wednesday between a delegation of experts from the French ministry of finance, spearheaded by Sylvie Sturel, and KRG finance and economy minister, Rebaz Hamlan.
The French delegation, which has met with several KRG officials, seeks to advise the Kurdish government on financial affairs such as regional budgeting, auditing, expenditure control, and tax reform, the statement said.
To provide further counsel on the mentioned matters, the French government will open a “coordination office” in Erbil “at the soonest,” the statement added.
During the meeting, Hamlan expressed gratitude for France’s historic relations and support for the Kurdish region and relayed some steps the KRG has taken to modernize the financial sector and the economy of the region.
“The ministry, aided by domestic and foreign experts, has worked on systematized and computerized crossings, customs points, and taxation,” the Kurdish minister had told the French delegation, according to the statement.
Hamlan further claimed that to diversify national revenue streams, they had facilitated advances in “trade, manufacturing and tourism sectors.” He also added that the government was engaged in efforts to reduce dependence on cash, which slows transactions between countries.
Editing by Nadia Riva