[size=36]Finance issues a directive to two government banks to support Iraq's economy[/size]
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, Minister of Finance Ali Abdul Amir Allawi directed, on Wednesday, the industrial and rational banker to support the economic process in the country.
The ministry said in a statement that Mawazine News received a copy of it, that "Finance Minister Ali Abdul Amir Allawi conducted a field visit to Al-Rasheed Bank and the Industrial Bank, to review the progress of business, tasks, and banking services provided to citizens and employees, during which he also met with the managers of the two banks and their advanced staff."
He added that "the visit comes as part of a series of visits that Allawi is conducting, to find out the obstacles facing the work of the departments, bodies, banks and companies affiliated with the ministry, and work to overcome them as quickly as possible, as well as follow up the work of the banking sector and its application of regulations and laws."
Allawi stressed, according to the statement, that the Al-Rasheed and Al-Sinai bank departments represented by their general manager, Bassem Abdul Yusuf and Bilal Sabah Al-Hamdani, make every effort to upgrade the level of banking services provided, and expand the size of the actual contribution to the banking sector, because this sector is considered one of the pillars supporting any stable and vibrant economy.
And he continued: "Within the financial and economic reform plan (white paper), we adopted a project to revive the role of the government banking sector, which requires the two banks to play a pivotal and main role in supporting the industrial and economic renaissance process by providing absolute support to the productive sectors of the owners of local industrial projects and small projects, which will positively affect the progress of Work and revive the overall national economy.” Ended 29/R77