Parliamentary Finance Committee announces a roadmap to reform the banking system in Iraq

Parliamentary Finance Committee announces a roadmap to reform the banking system in Iraq

2.17.2014 4:28 p.m.

Parliamentary Finance Committee announces a roadmap to reform the banking system in Iraq{Baghdad} Euphrates News
announced that the Parliamentary Finance Committee for the preparation of what it called a road map {} to repair the banking system in Iraq.

The head of the committee in a joint news conference with a number of members of the committee in Baghdad today and was attended by the correspondent of the Euphrates News Agency {} “The Finance Committee today held a workshop with representatives of private banks, government and central bank to launch its final report on reforming the banking system in Iraq.”
and explained that ” This reform will provide and create jobs and stimulate investment in the country. ”
and between Abadi “We in the Finance Committee working on the development and reform of the banking system and has held several workshops and the Committee has in turn, the regulatory and legislative framework in the follow-up of the banking sector and the obstacles they faced and made ‚Äč‚Äčthis final paper that represent ideas basic road map. ”
and expressed the hope that “are taking by banks as a working paper for the repair because there are many problems in the Iraqi banking sector in relation to loans, investment and also the capital and savings.”
continued Abadi, “it was to listen to international experts from the World Bank and advisers international, “stressing that it” is not a research paper or a theory but a report practical and realistic reform. will be sent to the central bank and state institutions, especially state-owned banks and the Ministry of Finance to work to enact laws and the introduction of modernity, especially in government banks. ” of Japinh said committee member Abdul Hussein al-Yasiri “The Committee has called on the banks of the public and private sector and briefed on its activities for the years past and was in the forefront of seminars and set up Matmralt in London, Oman and Iraq.” and stressed that “if I want the Iraqi economy to evolve he must implement the three requirements, including reform of the banks and the second insurance companies, as well as cash management” . Yasiri said that “if taken Bodua workshop today and what has been discussed in which there would be a follow-up of government agencies and the private sector and the banking system will evolve to the party that he was doing all the economic and financial activities and thus the development of the country.” ended 4

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