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Parliamentary Finance Committee announces} {roadmap to reform the banking system in Iraq

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rocky
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Parliamentary Finance Committee announces} {roadmap to reform the banking system in Iraq

Post by rocky on Mon 17 Feb 2014, 10:41 am

Parliamentary Finance Committee announces} {roadmap to reform the banking system in Iraq

2.17.2014




{Baghdad} Euphrates News
announced that the Parliamentary Finance Committee for the preparation of what it called a road map {} to repair the banking system in Iraq.




The head of the committee in a joint news conference with a number of members of the committee in Baghdad today and was attended by the correspondent of the Euphrates News Agency {} "The Finance Committee today held a workshop with representatives of private banks, government and central bank to launch its final report on reforming the banking system in Iraq."
and explained that " This reform will provide and create jobs and stimulate investment in the country. "
and between Abadi "We in the Finance Committee working on the development and reform of the banking system and has held several workshops and the Committee has in turn, the regulatory and legislative framework in the follow-up of the banking sector and the obstacles they faced and made this final paper that represent ideas basic road map. "
and expressed the hope that "are taking by banks as a working paper for the repair because there are many problems in the Iraqi banking sector in relation to loans, investment and also the capital and savings."
continued Abadi, "it was to listen to international experts from the World Bank and advisers international, "stressing that it" is not a research paper or a theory but a report practical and realistic reform. will be sent to the central bank and state institutions, especially state-owned banks and the Ministry of Finance to work to enact laws and the introduction of modernity, especially in government banks. " of Japinh said committee member Abdul Hussein al-Yasiri "The Committee has called on the banks of the public and private sector and briefed on its activities for the years past and was in the forefront of seminars and set up Matmralt in London, Oman and Iraq." and stressed that "if I want the Iraqi economy to evolve he must implement the three requirements, including reform of the banks and the second insurance companies, as well as cash management" . Yasiri said that "if taken Bodua workshop today and what has been discussed in which there would be a follow-up of government agencies and the private sector and the banking system will evolve to the party that he was doing all the economic and financial activities and thus the development of the country." ended 4

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rocky
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Re: Parliamentary Finance Committee announces} {roadmap to reform the banking system in Iraq

Post by rocky on Mon 17 Feb 2014, 10:41 am

Parliamentary Finance put a plan of action to promote economic activity




President of the Parliamentary Finance Committee and a deputy in the State of Law coalition Haider al-Abadi, the end of the Finance Committee in writing of its final report to reform the banking system through its supervisory role, legislative and completed this report, which contains the Commission's ideas for reform of the banking system.
The deputy Abadi, during a press conference held today, Monday, 17.02.2014, at the seat of parliament, expressed the hope that "take the Ministry of Finance and the State-owned banks this paper as an action plan for the promotion of economic activity, loans and other," adding, "This report or paper roadmap and the product of the group's efforts and ideas of local and international experts and the World Bank in order to enter modernity of government banks. "
MP in the coalition of state law, that "the Unified Retirement Law which was sent by not contain any concession to the deputies," stressing that "the deputy head of the legal committee for the Liberal bloc Prince Kanani, insisted on adding a paragraph retirement privileges for MPs."
After the vote on the Unified Retirement Law by the House of Representatives of the Federal resorted to some political figures and some of the parties and forces in exploiting a vote on the privileges of the three presidencies in an attempt to win popular support in the upcoming parliamentary elections will hopefully take place from the end of April next year.

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