Parliamentary calls to modernize the banking system in Iraq
Parliamentary calls to modernize the banking system in Iraq
Sunday 5 September 2021 | 10:42 am
The Economy and Investment Committee in the Iraqi Parliament called on the government to facilitate the affairs of investors, whether local or foreign, and to create a modern banking system. These calls came with the presence of a Jordanian parliamentary delegation in Baghdad to facilitate the work of investors from both countries. Committee member Nada Shaker Jawdat said: “The country needs investment in order to advance it, because the reform of Iraq stems primarily from interest in the economy, and this is necessary with the high rate of unemployment,” and indicated that “these things will not be achieved without eliminating corruption and stopping Bargaining with investors, whether from inside or outside, and a modern and developed banking system should be established, as this is what facilitates the work of investors, and called for “the need to facilitate procedures and reduce red tape for investors, especially with the presence of the Jordanian delegation that is looking into investment opportunities in the country.” She added, “The investment can succeed in Iraq, provided that there is a correct management of the country.” And she indicated that “there are experiences of countries that were more devastating in their situations than Iraq, whether Malaysia or Indonesia, but today we find them at the forefront of countries after paying attention to investment and proper planning for their countries.” And she continued: “Therefore, we need correct management in order to advance the country and keep parties away from interfering in investments, and attention must be paid to the security aspect, especially since any investment needs a good security situation because capital is cowardly.”
aynaliraqnews.com
