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[size=36]Finance holds a meeting with bank managers.. This is what was discussed[/size]
Economie| 05:48 - 23/10/2022
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Baghdad - Mawazine News
On Sunday, the Ministry of Finance held an expanded meeting on government banks in the country.
A statement by the ministry, which Mawazine News received a copy of, stated, "The Minister of Finance, Hayam Nemat Mahmoud Agency, chaired, at the ministry's headquarters, an expanded meeting that included general managers of Iraqi government banks, regarding the mechanisms of banks' work and the obstacles they face.
The Minister of Finance added, according to the statement, that" the banking sector It witnessed a set of challenges, variables and exceptional circumstances, the most important of which was the Corona pandemic, which cast a shadow over the whole world and the accompanying economic downturn, especially in oil-exporting countries, adding that “in spite of that, the government banking sector was able to commit to providing requirements to support the national economy and spare it the negative effects of economic repercussions and conflicts.” International".
The minister stressed "the importance of strengthening joint cooperation between banking institutions, and understanding a common strategy to improve and develop the Iraqi banking sector, and enhance its role in the local and international banking arena."
The minister also pointed to "the need to strengthen the role of Iraqi banks through the development of executive mechanisms and comprehensive action plans, which serve the strategic objectives of the banking sector, which revolve around the stability and balance of the local economy." Ended 29/R77
A statement by the ministry, which Mawazine News received a copy of, stated, "The Minister of Finance, Hayam Nemat Mahmoud Agency, chaired, at the ministry's headquarters, an expanded meeting that included general managers of Iraqi government banks, regarding the mechanisms of banks' work and the obstacles they face.
The Minister of Finance added, according to the statement, that" the banking sector It witnessed a set of challenges, variables and exceptional circumstances, the most important of which was the Corona pandemic, which cast a shadow over the whole world and the accompanying economic downturn, especially in oil-exporting countries, adding that “in spite of that, the government banking sector was able to commit to providing requirements to support the national economy and spare it the negative effects of economic repercussions and conflicts.” International".
The minister stressed "the importance of strengthening joint cooperation between banking institutions, and understanding a common strategy to improve and develop the Iraqi banking sector, and enhance its role in the local and international banking arena."
The minister also pointed to "the need to strengthen the role of Iraqi banks through the development of executive mechanisms and comprehensive action plans, which serve the strategic objectives of the banking sector, which revolve around the stability and balance of the local economy." Ended 29/R77
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