Deputy: the dominance of the government to the private sector one of the reasons for failure of the Iraqi banking sector
Deputy: the dominance of the government to the private sector one of the reasons for failure of the Iraqi banking sector
15-08-2013 08:18 AM
Baghdad (news) .. Refer decision of the Commission of Economy and Investment MP / coalition of Kurdish blocs / Mahma Khalil, the cause of failure of the Iraqi banking sector to the lack of Technology recent intervention in banking, as well as the dominance of the public sector to the private sectors in the implementation of most of the projects in the country. Khelil said (of the Agency news): Despite the possibilities promising for the Iraqi economy and the attributes of the human capacity and high energies مكمنة but he still lacks the most basic types of technology in the field of financial and banking sector, noting that there are many countries before Iraq in this area, but Iraq remained stalled in place without the development of potentials. added : The dominance of government banks on the work of private banks in terms of the implementation of projects in the state and the granting of loans contributed to failure of the banking sector and made him away from the developments in the banking industry in the world. called: the Iraqi government to give an important role for private banks to the implementation of investment projects and vitality in the country and reduce the the dominance of the public sector in order to support the economy and the development of the banking sector. / End
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