Plan of the World Bank to restructure State-owned banks have not achieved a complete success

Member of the Finance Committee: Plan of the World Bank to restructure State-owned banks have not achieved a complete success

Dated: 7/20/2012 9:14:24 Friday

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Hussain Yasiri, that the plan of the International Monetary Fund established since (2007) to restructure State-owned banks have achieved some successes, and not a complete success, calling for the restructuring of the banking sector to encourage foreign investors to come to Iraq.
Yasiri said (for the Agency news) Friday: The In (2007) adopted the International Monetary Fund mission to restructure the banking sector of government, which includes the Rafidain and Rasheed banks and specialized Kalzeraih, industrial and real estate, and was allocated an estimated $ (10) million dollars, but he did not achieve the successes full, but few of them. He added, is supposed to culminate in the plan a success for restructuring state banks through the introduction of technological modern works by international banks that commissions by representing both the executive and oversight in the country, explaining: the formation of two committees, one headed by the Governor of the Central Bank and the membership by the Minister of Finance and Chairman of the BSA, while the second is a subset consisting of the heads of government banks. He pointed out: that the Finance Committee representative will hold a special conference to restructure the Iraqi banks two branches of government and private sectors, and will be through raising the issue of the reasons for reluctance not to implement the plan of the World Bank private banks to government to find out the most important developments and to find solutions to the problems encountered, and continued: in addition to the knowledge of the extent to which banking business with monetary policy in the country in order to which the legislation of laws to support the banking sector. / Finished / 8. t. u /
Source: ikhnews