Experts: the first banking sector on the implementation of infrastructure projects

Experts: the first banking sector on the implementation of infrastructure projects



11/13/2013 12:00 AM

They discussed ways to overcome challenges transparently

Baghdad Yasser Mutawalli Hussein ثغب, said

Addressed the seminar discussion organized by the Trade Bank of Iraq three main axes in the performance of the bank and responsibilities Tghaha and characterized by high level of transparency and openness clear and explicit about the obstacles faced by the banking sector, which delayed the often irreparable towards activating its role in development.

First axes focused on an important aspect of تماسه with the need for the citizen and on the role of banks in the implementation of residential complexes and mechanisms and ways of financing while addressing the second axis complexities faced by businessmen in the conduct of their affairs related to appropriations and letters of guarantee and other belongings of work that can be solved procedures and legislation possible and not بالصعبة, as discussions Lama said third axis has revealed the significant role played by the bank after the era of change, where he was the savior of the Iraqi economy by addressing the implications of debt owed by Iraq during the previous era that left the international sanctions on Iraq due to the wrong policies that were committed in a timely manner.

Sami al-Araji

The first speaker was the President of the National Investment Commission d. Sami al-Araji, who gave a detailed explanation went Authority to meet the needs of the citizens of the housing and seek to implement them through the contribution of government banks in the financing of housing projects within the responsibility of the state over society, speaking about the experience of بسماية and how they needed to hire banks governmental organizations to carry out their obligations to the citizen, praising this role, pointing out ambitious projects undertaken by the Commission, despite the challenges of Bmnacfat some politicians who tried to bring down the project, but the will of the benevolent has maintained its content and will see the year 2015 the distribution of the first batch of users on residential complexes in بسماية . Araji called to speed up the reform of the private banking sector in order to make it able to adopt the financing of strategic projects and infrastructure needed by the country, hoping to achieve all the planned projects through cooperation with the banking sector, without which it can not achieve an integrated development.

Dry Hamdiya

For its part, provided general manager TBI Hamdiya Dry detailed explanation of banking services provided by the bank, referring to the efforts made to recover the bad debts left by the administration Aalsabakh estimated at millions of dollars and expressed the readiness of the bank to settle the remaining debt owed by the owners of corporate borrowers previously and the possibility of resuming their activity requirement availability of goodwill because the country where projects Migti all the capabilities of local and foreign. Dry focused in her speech on the tasks and sophisticated banking services new, out of common interest which is the main pillar of the strength of the economy, noting directed the bank to offer new services in collaboration with the private banks which provide funding for the implementation of strategic projects cross-cluster Loans between banks and waiting for the finishing touches and obtaining the approval of the central bank to launch such a large development project in the words dry.

Ibrahim al-Baghdadi

In regard to the suffering of the business and the private sector with red tape which is beyond the will of the bank occur Chairman National Business Ibrahim al-Baghdadi, a lecturer recalled stages of establishment of the bank and the role of businessmen and traders Iraqis in the sustainability of supplying goods after Iraq was handcuffed international sanctions and trapped economically, was the birth of the bank has rescued the financial resources of the fragmentation of Iraqi creditors.

Baghdadi said aspects Rising to the bank at the same time someone challenges faced by businessmen due to the procedures and instructions ancient While he did not deny causing some parasites who counted on the private sector to undermine trust between the bank and customers, but added, saying that these groups have emerged from that stage was left and lasts only right, and here is Bank of Iraq up to certainty its partners الحقيقين and with the reputation and financial solvency, known in its dealings with the bank. President Business Council proposed a debt settlement with retarded of paid and who can not return to the class banking in cooperation with the bank, as shown dry in an intervention Links willing Bank to study Thread The goal is the return of the Iraqi capital to build the country.

Shaker Zamili

Head of the Baghdad Investment Commission Shaker Zamili was his intervention at the heart of what you ask for the contribution of banks in housing projects, referring to the numerous projects awaiting funding and cooperation with the sober and display exchange proposals and promised to study and implement dry them in the light of possible Matsmah laws.

Daoud Abdel Zair

As an economic advisor to the Iraqi National Business Council Daoud Abdel Zair has dealt with the subject of the other angles are in overcoming obstacles, praising the role played by the Trade Bank of Iraq, calling for more openness and overcome the obstacles, where upheld the dry brought by Zair proposals.

Dart then discussions Show which businessmen suffering from measures are routine, stressing their desire and their commitment to work with the bank and prefer it to deal with foreign banks, and the position requires reductions in commissions, but sedate bank and international reputation guarantee funds businessmen were in the foreground, and listened to the reasons for the differences It is a formality related to discharge teams, however, promised the possibility of reduction dry whenever possible.

It concluded the seminar need to be the role of regulatory bodies as a catalyst in achieving the development does not counterproductive her judgment prior to any case of suspicions but through the fight against corruption and eradicated and stand by the service officer and avoided mistakes before they happen. Should be noted that obsessed with control and integrity has accompanied the seminar from the beginning to an end and were evaluated their advantages and disadvantages and the consensus on the importance of being vaccinated investor money from extortion and the employee from falling into the trap of parasites.

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