Government decides to provide liquidity to domestic banks and private sector support
Government decides to provide liquidity to domestic banks and private sector support
19-03-2015 11:57 AM
Discussed by the Committee on Economic Affairs, headed by Deputy Prime Minister Ruz Nuri Shaways, on Thursday, the eligibility of private banks to support and market-oriented economy and contribute to the process of increasing the gross domestic product ratio of aggregate through the support of the private sector.
According to a statement of the Commission received (news) copy of it today, that ‘ The Committee discussed in its eighth eligibility private banks support because of their role in the reconstruction and development of the country and in order to give these banks a wider area in the economic transition and orientation process toward a market economy and contribute to the process of increasing GDP ratio by supporting private sector activity. ‘
and praised The Commission, according to the statement, the role of the Central Bank of Iraq and the Iraqi Trade Bank in support of those banks and the fact that economic conditions experienced by the country currently requires providing more support to those banks’.
The Commission has taken a number of decisions which ‘(the Central Bank of Iraq and the Iraqi Trade Bank to provide liquidity Banks civil discreet that suffer from a lack of liquidity as a result of the faltering customers to pay their dues to those banks in return for those banks to provide guarantees and bank bailouts acceptable to both sides). “
The Committee also discussed the subject of banking policy pursued by the Trade Bank of Iraq, particularly the issue of lending to the Kurdistan Regional Government and the World Bank CBI in the region as the Commission found as banking operations financial professional and there is no loan granted from the Trade Bank of Iraq to the two mentioned.
confirmed Committee, according to the statement, that ‘the bank in light of the large financial potential, it continues to finance its activities all to regaining its high confidence being the main financier of trade government sector ‘, pointing out that it is imperative that the State and the Council of Representatives of Iraq to take responsibility not to allow the promotion of rumors that affect the reputation and financial standing among global banks. “
The Committee stressed the need for the ‘TBI accounts and financial statements audited sent to authorities related, according to the principles of disclosure and transparency. “
The Committee is composed of the Deputy Prime Minister Nuri Shaways example, has typically president and membership of a number of ministers and directors of the Iraqi Central Bank and the Bank of Commerce and advisers in the prime minister in addition to the Committees Alaguetsa and financial Alniabaten.
ikhnews.com
