Participants: banking reform axis starting economic development processes
Participants: banking reform axis starting economic development processes
1/25/2014 0:00
In the seminar examined the balance between the public and private sectors
BAGHDAD – Hussein al-Tamimi Tgb – Farah pumice
examine economists and bankers mechanisms advancement sector money and the possibility of expanding the product offering to the public the beneficiaries of different needs of banking, where he was standing when the most important joints of the financial sector and the possibility of investing in the activation production and service sectors (according to participants in the meeting Businessmen Union and the Organization for International Projects). treatment legislation the President of the Union of businessmen willing satisfaction Blibl said: This meeting addresses the obstacles faced by the banking sector and the private sector, and delve into the challenges that bedevil the reality of work, where we meet the goal of reaching formula to contribute to the activation of the private sector and dealing with legislation that hinder the advancement of all his joints., and pointed out that the EU is pushing ahead with the organization of such forums where the meeting was organized during the last month eating revitalize the Iraqi economy through an integrated system, as the meeting will be organized during the next month, deals with attempts to enter Iraq to the World Trade Organization. stimulus measures and the importance of direct, earnest implementation of strategies sectoral approved and adoption and implementation of strategies that at the stage of validation as well as the serious implementation of the economic laws through the institutions of a solid and a package of measures motivational and invigorating the economy, the administration is serious by the relevant sectoral responsible for all of them with the active participation of private sector institutions preparing and making and implementation, monitoring and follow-up. said Blibl the previous meeting recommended the formation of the Supreme Council for Planning (or Supreme Economic Council) shall interleave all strategies sectoral and determine the vision of strategic integrated country and policy and the views implemented under the priority, as The process of monitoring and evaluation of operational procedures and follow-up Thakqatha and corrected when needed. supporting business organizations either Director for International Private Enterprise Mohamed Alaa El Din said: worked since 2003 to provide technical support to organizations and business associations through the strengthening of its role in the economic reform across many programs, including calendars, business and the development of investment authorities in all provinces aims to find a work environment attractive for economic development, pointing out that the meeting focused on banking reform, because his pivotal role in the recycling economy and achieve growth rates commensurate with the aspirations of the beneficiaries. continued to reform the financial and banking requires the establishment of a financial system to mobilize resources in order to achieve reform and restructuring of banks to attract savings and the return of capital immigrant, noting that the process of financial reform means liberalization of the sector to keep pace with global developments and enhance its scientific and practical. strengthen the joints of the economy member of the Society of Economic Iraqi Dr Akram Abdel Aziz said: Iraq has seen a change in economic philosophy and politics after 2003, and became there are directions focused to promote joint economic direction of the expansion of private sector participation in economic activity, also emerged then went to the rehabilitation and development activity of private banks, which is the basic foundation of the monetary policy. and followed the local banks need to manage technical and expand the circle of attention by starting the adoption of electronic systems evolving approved globally, in addition to the development of the cultural awareness of the community of the importance of private banks and insurance cash at banks civil and develop a culture of dealing with the ATM, which has become a priority in the region. Specialization and drew Abdul Aziz that the banks need to develop the skills and energies and specialization for those working in the This sector is important, and here we must work to put the right person in place, which can achieve the economic viability of the banking sector through his work, as well as the need to activate the ties of cooperation with the external sector through the electronic clearing and settlement and other advanced systems and the variety of banking products that can suit ambitious business local and foreign investors., and pointed out that the banking reform aims to achieve a balance between the public and private sectors and to ease the burden borne by the government budget. moving the work Amer Issa jeweler pointed out that the business community and investors looking for mechanisms to move the work, where there is suffering in How to benefit from public money or private to trigger mechanisms for the implementation of projects, pointing to the existence of bottlenecks banking, administrative and stagger in the adoption of good governance. , and pointed out that the initiatives of the Union of businessmen tend to develop the field of employment, which requires the support of the banking business all his joints through the creation of partnerships between banks private and public cooperation with the owners of investment projects, noting that such cooperation did not happen until now. He said that private banks are busy in the aspects of its activity away from the real, and this symposium shed light on this matter.
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